NRF predicts healthy holiday sales as consumers navigate economic headwinds
Holiday spending is expected to be healthy even with recent inflationary challenges, as the National Retail Federation today forecast that holiday retail sales during November and December will grow between 6% and 8% over 2021 to between $942.6 billion and $960.4 billion. Last year’s holiday sales grew 13.5% over 2020 and totaled $889.3 billion, shattering previous records. Holiday retail sales have averaged an increase of 4.9% over...
Federal Reserve Board raises interest rates for the sixth time this year as inflation soars
NAW urges the government to rein in out-of-control spending The National Association of Wholesaler-Distributors (NAW), which is the voice of the 7.4 trillion-dollar wholesale distribution industry, and employs more than 5 million US workers, issued the following statement today in response to the Federal Reserve’s announcement that it is once again raising interest rates by 75 basis points to curb inflation. “Unprecedented spending...
Pricing of CNH Industrial Capital LLC $400 million notes
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that its wholly-owned subsidiary, CNH Industrial Capital LLC, has priced $400 million in aggregate principal amount of 5.450% notes due 2025, with an issue price of 99.349%. The offering is expected to close on October 14, 2022, subject to the satisfaction of customary closing conditions. CNH Industrial Capital LLC intends to add the net proceeds from the offering to its...
Federal Reserve Board raises interest rates as inflation soars
The National Association of Wholesaler-Distributors (NAW), which is the voice of the 7.4 trillion-dollar wholesale distribution industry, which employs more than 5 million US workers, issued the following statement today in response to the Federal Reserve Board’s announcement that it is once again raising interest rates by 75 basis points to curb inflation. “The Federal Reserve Board is raising interest rates once again to...
Risk Assessment
As you well know there are quite a few issues facing dealers for the balance of 2022 and into 2023. We have Inflation with many factors pointing to Stagflation. We have interest rate risk (which is scary). We have credit risk from your OEM down to your customer level. We have increased transportation costs. We have pending EV interest and requirements....
LiuGong North America reveals LiuGong Finance
LiuGong North America has announced a new private label program to become a one-stop-shop for equipment and financing. The new LiuGong Finance program will serve customers and dealers with a multitude of benefits. “As we continue to help support, grow and develop our customers and dealer network, we’re delighted to introduce LiuGong Finance,” said LiuGong North America President Andrew Ryan. We’ve built the LiuGong Finance program to...
Equipment Finance Industry confidence eases again in March
The Equipment Leasing & Finance Foundation (the Foundation) has released the March 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment finance sector. Overall, confidence in the equipment finance market is 58.2, easing from the...
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