Mitsubishi HC Capital America’s Work Truck division achieves $1 billion in originations  

Mitsubishi HC Capital America’s Work Truck division achieves $1 billion in originations  

Mitsubishi HC Capital America’s Work Truck Finance division reached a monumental milestone when it recently reached $1 billion in originations. The company reached this impressive achievement with record volume of $112 million in the quarter ending June 30, while also receiving the most credit applications in its history.

According to Dave Herring, vice president and general manager, Work Truck Finance, the quest to reach $1 billion in originations has been a team target since October 2019, when the company began to focus solely on commercial work trucks.

With the strongest start of the year in its more than 20-year history of financing trucks, Herring is optimistic for future performance as the division is actively doing business with more than 300 work truck dealers on average throughout the United States.

You May Also Like

Bendix releases technical materials for ADAS support

The latest materials are meant to help technicians properly set up, inspect and diagnose several components integrated with ADAS.

truck-data-generic

The latest technical materials from Bendix Commercial Vehicle Systems are designed to help technicians properly set up, inspect and diagnose several components integrated with advanced driver assistance technologies, including trailer antilock brakes, steering systems and forward-looking cameras.

“The safety systems on today’s commercial vehicles are more road-proven and effective in supporting safe drivers than ever,” said Nicole Oreskovic, Bendix vice president of sales and marketing. “They’re also more complex and interconnected, which means we need to thoroughly support the skilled people who keep them in top operating condition.”

Bendix offers spring fleet maintenance tech tips

Bendix shares tips to allow fleets to hit the road with enhanced safety, uptime, and peace of mind this spring, by addressing winter’s toll on your trucks.

Truck-tractor-trailer-maintenance-generic
One Nexus Group acquires Commercial Truck Training

One Nexus says it can now offer three services rather than two: fleet management training, sales training, and recruitment/hiring support.

pretrip-truck-inspection-generic-1400
Noregon releases DLA+ 3.0 Vehicle Interface Adapter

Enhanced speed and auto-detecting Smart Cable technology are among the improvements Noregon is touting over the previous generation.

Noregon-DLA-3.0-Adapter-Kit
Direct labor vs. indirect labor in fleet shops

Keeping tabs on labor expenditures is important, but make sure you’re taking everything into account before assigning blame.

service-technician-generic-maintenance-downtime-repairs

Other Posts

Full Truck Alliance releases 2023 fiscal report

FTA says y/y net revenues and fulfilled orders were up considerably, while its net income more than quadrupled from 2022.

transprotation-market-generic
Lion Electric announces layoffs, shares recent financial results

Revenue and orders were up, however the company temporarily laid off of around 100 manufacturing employees, citing government grant delays.

Lion-Electric-q4-2023-financial results
Mitchell 1 collaborates with NEXIQ to streamline truck service diagnostic information

One subscription brings together information from the vehicle and information about the vehicle.

Mitchell-1-NEXIQ-TMC-1400
Fleet Advantage, FleetNet America by Cox Automotive partner on financing, maintenance solutions

An unbundled leases structure with finance and nationwide maintenance options.

Cox-Automotive-TMC-1400