‘Just making a joke’

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-13 • Permanent link

Mitsubishi HC Capital's Kirk Mann has revealed that banks' exits from the truck financing market have reduced credit for mid-size fleets. This move has left carriers struggling to secure loans, with many unable to secure financing for new or used vehicles. The impact on the industry is significant, with many carriers forced to seek alternative financing options. As a result, the average interest rate for truck financing has increased by 2.5% since the banks' withdrawal.

The reduction in credit availability has sent shockwaves through the financial markets, causing concern among investors and analysts. The decline in truck financing is not limited to mid-size fleets, with many large carriers also struggling to secure loans. This has led to a decrease in economic activity, as carriers are forced to reduce their fleets or delay purchases. The ripple effect is being felt across the entire economy, with a potential downturn looming on the horizon.

The truck financing market has been a staple of the industry for decades, with banks playing a crucial role in providing financing to carriers. However, in recent years, the market has been experiencing a shift towards alternative financing options. This trend has been accelerated by the banks' exit, leaving carriers with limited options. According to industry experts, the decline in truck financing is a symptom of a larger issue, with demand for financing decreasing across the board.

As the situation continues to unfold, it remains to be seen how the industry will adapt. However, one thing is clear: the reduction in credit availability has significant implications for the economy. The next few months will be crucial in determining the impact of this trend, with key catalysts to watch including the upcoming trucking industry conference and the release of the latest economic forecast.