Fleet Financing Resources (FFR) announced total funded volume of $35 million for the first six months ending June 30, 2016, up 52% over same period prior year. Sales volume up 35% and net income up 32% compared to prior year first half results.
Dave Reynolds, President and Chief Executive Officer, stated, “We began the year with very strong performances in repeat and replacement business from our fleet customer base. Low delinquency and successful remarketing of recovered inventory, on top of strong new b
usiness growth, has also served as key drivers of an increase in both our funding volume and revenue. All has been accomplished through offering/marketing the broadest and most flexible funding platform combining value added services with consultative expertise.”
About Fleet Financing Resources – FFR offers financing and leasing for all new and used titled transportation equipment – specializing in buses of all sizes. Founded in 2002, Fleet Financing Resources has been successful in providing finance solutions to over 3,700 businesses nationwide. FFR offers a broad funding menu of products and services tailored to each client’s specific needs.