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Mitsubishi HC Capital America’s Work Truck Division Achieves $1B in Originations

July 28, 2022, 07:30 AM
Filed Under: Industry News

Mitsubishi HC Capital America’s Work Truck Finance division reached a monumental milestone this week when it reached $1 billion in originations. The company reached this impressive achievement with record volume of $112 million in the quarter ending June 30, while also receiving the most credit applications in its history.

According to Dave Herring, Vice President and General Manager, Work Truck Finance, the quest to reach $1 billion in originations has been a team target since October 2019, when the company began to focus solely on commercial work trucks. Today, Mitsubishi HC Capital America is the premier national independent lender dedicated to the work truck sector.

“These record results are due to executing on our value proposition, our experience and the commitment from every member of the Work Truck Finance organization, every day,” Herring said. “We are winning the business because of our service. We answer the phone, we call you back, and we provide the information and flexibility dealers need to sell their work trucks.”

With the strongest start of the year in its more than 20-year history of financing trucks, Herring is optimistic for future performance as the division is actively doing business with more than 300 work truck dealers on average throughout the United States.

“How we respond to customers with our consultative, relationship-based approach and our expertise in this space are game changers for work truck dealers,” Herring added. “I’m very excited about what our team has accomplished and am looking forward to celebrating more monumental accomplishments with this team in the future.”

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