The Asset Bubble That Crashed Truck Financing for Mid Sized Fleets The trucking industry's two year wait for equipment replacement has been put on hold due to the recent exit of several major banks from the truck financing market.
This development is not merely a consequence of the freight recession that began three and a half years ago, but also a symptom of a deeper issue: an asset bubble that has left many mid sized fleets financially exposed.
The collapse of this bubble can be traced back to January 2023, when Mitsubishi HC Capital's executive vice president Kirk Mann and his chief credit officer Wayne Pass assessed the value of Freightliner Cascadias.