Riverside, California, July 13, 2012 – Fleet Financing Resources, LLC. (“FFR”), reports record month in June providing $5.8 million in lease and finance facilities for titled transportation equipment ranging from new/used school buses and limousines to trucks and motor coaches.
Additionally FFR reports, for the first six months of 2012 compared to 2011, total sales up 26%, net income is up 15% and total financed volume increased 38%.
Commenting on earning increase, president and chief executive officer Dave Reynolds said, “credit quality trends continues to show improvement in the second quarter, with reductions in both recovery and inventory; portfolio delinquency is at its lowest since early 2009. Our focus on delivering results the right way, which withstood the toughest economic climate in decades, is now showing its strength in a time of growth.”