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Financing

Volvo Trucks to Offer Full Range of Electric Trucks in Europe, Green Financing

Starting in 2021, European carriers will have access to all-electric versions of Volvo's line of heavy-duty trucks. The announcement came in conjunction with Volvo Group's Capital Markets Day, where the company laid out its strategy to provide solutions that are “100% safe, 100% fossil-free and 100% more productive.”

High-Mileage Used Fleet Vehicles Create Difficulties Financing 'C' and 'D' Paper Buyers

Fleet managers are manufacturers of used vehicles. Many of the buyers of used fleet vehicles are C and D paper buyers. One unintended consequence to companies extending the service lives of fleet vehicles is that it is more difficult for used-vehicle dealers to finance C and D paper buyers in the secondary funding market. The issue, from the perspective of the finance company, is the remaining life of higher-mileage vehicles.

Used-Vehicle Market Nosedives in October: More Downward Movement Anticipated

October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.

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