{
  "id": 7129363,
  "title": "Bank exits squeeze truck financing for mid-size fleets",
  "url": "https://urgent.news/2026/09/13/bank-exits-squeeze-truck-financing-for-mid-size-fleets-7129363",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-13T15:40:06.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/small-business/articles/bank-exits-squeeze-truck-financing-154006871.html"
  },
  "original_language": "en",
  "account": "Three and a half years of freight recession significantly impacted the truck financing market. The credit profiles of carriers who needed to borrow were damaged, and many lenders left the sector. Mitsubishi HC Capital America, led by executive vice president Kirk Mann, continued financing trucks throughout the downturn. Most surviving carriers were established, with 85% of motor carriers with less than two years of operating experience failing over three years. A typical 4-year-old sleeper tractor sold for $45,000 in January 2023, a 136% increase from its pre-COVID peak. Mitsubishi HC Capital's lending contributed to the asset bubble, which unwound when borrowers could not sustain payments. Financed truck prices have since settled at $60,986, with financing ranging from 5.25% to 12% for different credit profiles. Fleets with 50 to 200 units are increasingly approaching Mitsubishi HC Capital through dealer relationships. The market improvement is driven by medium and large fleets replacing equipment, as manufacturers split on handling the 2027 EPA rules.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FreightWaves",
        "title": "Bank exits squeeze truck financing for mid-size fleets",
        "url": "https://urgent.news/2026/09/13/bank-exits-squeeze-truck-financing-for-mid-size-fleets",
        "published": "2026-09-13T15:40:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}