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Dealers: Page 94
Dealers
Volvo CE parent enters U.S. securitization market for first time
According to a story on the website Asset Securitization Report, AB Volvo will enter the the U.S. securitization market for the first time to fund lines of credit for its truck, construction equipment, bus, marine and industrial engine dealerships. Previously, the company’s captive finance Volvo Financial Services funded lines of credit elsewhere, says the website. […]
November 7, 2017
Dealers
Business Roundup: Liebherr sees orders jump; Tax overhaul a mixed bag for dealers; Proposed AWP standards would affect rentals; Dealer Institute course on managing iron; New Atlas Copco VPs; Construction starts predicted to rise
Liebherr sees “significant” jump in orders; uses start-up culture to launch products Liebherr says it will add 2,240 employees by the end of this year, seeing what Stefan Heissler, member of the board of directors of Liebherr-International AG, calls a “very significant jump in orders” in 2017. In the first six months of 2017, Liebherr […]
November 7, 2017
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September 22, 2026
Dealers
Cat dealer given OK to establish distribution center in Cuba
Almost two years after Caterpillar—then symbolically—named Rimco as its dealer in Cuba, the Miami Herald is reporting that Cat’s Puerto Rican dealer has been given the OK to set up a warehouse and distribution center in the country. And a Cuban newspaper has reported that a shipment of John Deere agricultural equipment was expected to […]
November 6, 2017
Dealers
Dealer Institute offers course to better manage used iron
Dealers understand that having the right inventory is the first step to increasing revenue and profitability. To that end, the Western Equipment Dealers Association (WEDA) is offered a course on how to best manage this key asset. The iron management course on used inventory control focuses on your organization’s key leaders and staff, according to […]
November 2, 2017
Dealers
Dealers preview Kubota’s new compact excavators, RTV, tractors
Dealers got a hands-on preview of Kubota’s two new compact excavators, available in early 2018, as well as the company’s fastest gas-powered RTV yet and seven new tractors in the M Series lineup. About 1,100 dealers attending Kubota’s annual meeting October 21-25 in Phoenix, Arizona, saw the KX033-4 with extendable dipper arm along with the […]
November 1, 2017
Dealers
Proposed aerial-lift standards would affect rental dealers, contractors
New standards could soon be coming to the U.S. aerial work platform industry that will lead to major changes to the machines, how rental shops deal with their customers and how contractors plan projects. Manufacturers, such as Genie, are already making plans for the ANSI A92 standards with design changes to their aerial lift products, […]
October 31, 2017
Dealers
EDA: Tax overhaul plans bring benefits, concerns for equipment dealers in U.S and Canada
Equipment Dealers Association (EDA) says a new plan for overhauling the U.S. tax code could benefit dealers and their customers in a big way. But they’re also worried dealers could be hit hard as tax writers hunt for revenues to pay for reduced tax rates and other reform proposals. The FY18 tax reform plan […]
October 31, 2017
Dealers
Equipment Roundup: CTLs becoming more powerful; New Genie XC platforms; First Look at International HV Series; New JCB CTLs; Hyundai HX130LCR excavator
Genie’s new XC aerial platforms add capacity, meet ANSI standards Genie has unleashed a slew of improvements to its aerial work platform models under the XC label. The XC stands for “extra capacity,” and the company has added four telescopic boom models to the XC lineup – the S-60 XC, S-65 XC, S-80-XC and S-85 […]
October 31, 2017
Dealers
Business Roundup: OKC plant key to Genie’s global play; Doosan Bobcat donates machines for training; Volvo to sell Allied hammers; Proxibid, RES deal
Oklahoma City plant part of Genie’s response to global competition Genie sees its Oklahoma City facility as a perfect example of where the aerial device manufacturer’s future lies – the result of global growth and local responsiveness. The company breathed new life into the plant that had once manufactured parent company Terex’s road paving equipment. […]
October 31, 2017
Dealers
Proxibid selected as online bidding provider for RES Auction Services
Ohio-based RES Auction Services, poised to open a sprawling new equipment yard, has selected Proxibid as the exclusive provider of online bidding for its auctions. The first RES equipment auction in the new yard will be at 9 a.m. November 18. Bidders can participate in person at the auction facility in Wooster, Ohio, as well […]
October 30, 2017
Dealers
Strong rentals, sales and record utilization boost H&E 3Q revenues 5.9%
At a glance: Third-quarter revenue results: New equipment sales increased 9.3 percent to $48.9 million, up from $44.8 million a year ago. Used equipment sales increased 7.9 percent to $22.3 million, compared to $20.6 million a year ago. Parts sales rose about 1.6 percent to $27.8 million from $27.3 million in third-quarter 2016. Service revenue remained the same – $16.1 million. Driven by strength in […]
October 27, 2017
Dealers
Volvo dealers to sell Allied hydraulic hammer products
Volvo Construction Equipment dealers will now sell Allied hydraulic breakers and other aftermarket attachments through a new partnership of the two companies. Volvo has decided to drop its line of similar products and instead offer the Allied products through its North American dealers. “Instead of competing with industry leaders like Allied, who exclusively sell breakers, […]
October 26, 2017
Dealers
Doosan Bobcat donates machines to regional training centers
Doosan Bobcat North America has donated seven Bobcat machines to four regional vocational schools for service technician training programs. The donated equipment includes compact track loaders, compact excavators, wheel loaders and Versa-HANDLER telescopic tool carriers. The machines were delivered to Minnesota State Community and Technical College, Moorhead, Minnesota; Madison Area Technical College, Madison, Wisconsin; State […]
October 25, 2017
Dealers
Caterpillar crushes estimates as Q3 sales jump 25%
With third-quarter sales and revenues soaring by 25 percent year-to-year and customer demand growing, Caterpillar on Tuesday boosted its robust 2017 profit outlook even higher. The company posted sales and revenues of $11.4 billion for third-quarter 2017, up nearly $2.3 billion from $9.2 billion for the same period last year. Operating profit increased by 228 […]
October 24, 2017
Dealers
Equipment roundup: Ram’s new Harvest Edition trucks; Volvo VNL Test Drive; Volvo unveils L20H, L25H loaders, Compact Assist for soil; American Augers intros M-300D cleaner, DD-240T HDD; New Atlas Copco pumps
Ram’s new Harvest Edition trucks designed for farmers Calling agriculture “part of the foundation” of which the truck maker’s success is built on, Ram has introduced a special edition pickup designed for farmers and their families. The new Harvest Edition will be available on Ram’s 1500, 2500 and 3500 pickups in all four-door Quad, Crew […]
October 24, 2017
Dealers
Business Roundup: Cat dealer moves to $20M HQ; IronPlanet buyers get Ritchie Bros. financing; Vermeer MidSouth celebrates 30th year; AED diesel technician certification
Kansas Cat dealer moving to new $20M headquarters Caterpillar dealer Foley Equipment Co. is moving to its expanded Wichita, Kansas, headquarters, according to the Wichita Business Journal. The company is relocating its departments and personnel to the more than $20 million headquarters, which includes 160,000 square feet across two buildings, the Journal reports. The new […]
October 24, 2017
Dealers
Vermeer MidSouth celebrates 30-year anniversary
Marking 30 years in the business, Vermeer MidSouth is celebrating its growth from eight employees at the start to more than 60 employees today. Founded with two stores in Memphis, Tennessee, and Jackson, Mississippi, the company now has five branches with dealerships in four states: Mississippi, Arkansas, Western Tennessee, and Northern Louisiana. “This company has […]
October 23, 2017
Dealers
IronPlanet buyers now have access to Ritchie Bros. financing
Auction giant Ritchie Bros. says its financial services are now available to customers of IronPlanet, which Ritchie bought this year. IronPlanet’s customer base can now access LeaseFlex and PurchaseFlex financing, which Ritchie Bros. Financial Services (RBFS) says offer more flexibility and convenience compared to traditional bank financing. The easier process can help buyers get quicker […]
October 20, 2017
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