Welcome!

To the eighth issue of the Hino Express Newsletter

We trust you will find the content informative and helpful. Dive in by clicking on each page using the left navigation or simply scrolling down.

On the last page, you will find a form requesting your feedback; please let us know how we’re doing and what content you want to see in the next edition!

Welcome!

To the eighth issue of the Hino Express Newsletter

We trust you will find the content informative and helpful. Dive in by clicking on each page using the left navigation or simply scrolling down.

On the last page, you will find a form requesting your feedback; please let us know how we’re doing and what content you want to see in the next edition!

A Letter from the CEO & COO

As we close out our fiscal year, we wanted to take a moment to reflect on our shared journey. It has been a strong year for Toyota Industries Commercial Finance (TICF), filled with growth and exciting accomplishments – and none of it could have been achieved without you.

For that reason, we’d like to extend our appreciation to each and every one of our valued dealers for your support and loyalty. Because of your trust in our brand, FY23 resulted in retail acquisitions of $560 million, as well as exceptional growth in our wholesale flooring lines, we added $60 million in new lines and increased existing lines by more than $50 million.

While numbers like this are exciting to report, our year has been full of many other noteworthy highlights that can be harder to track via metrics. Many are directly related to conversations we have had in the field, as we continually strive to meet your needs.

We particularly embrace opportunities to sit down and have focused conversations with groups at the National Dealer Meeting, as well as at meetings of the Dealer Advisory Council and our own F & I Council. You can read more about some of the highlights from those events in this issue. In the spirit of Kaizen, or continuous improvement, we appreciate your candid feedback and suggestions. We recognize the value of this two-way partnership and the relationships we’ve cultivated that encourage this exchange of ideas.

Most notably, we’ve used your feedback to make a series of enhancements to the TC3 Credit Origination System to provide an improved user experience – for you and your customers. Some of the most prominent features already earning rave reviews include streamlined functionality, with many crucial documents now being executed seamlessly through DocuSign, and other time-saving options. Your feedback and enthusiasm for these new features have been invaluable in shaping our future endeavors.

Finally, we are thrilled to announce the addition of several sales executives to our team. Their expertise and passion for the industry further strengthen our commitment to exceptional customer service. Most notably, Jerry Pilla pioneers a new role for TICF as the National Business Development Manager, where he will be responsible for creating a suite of financial products for the emerging opportunities presented by Hino and material handling, as well as automation logistics.

In addition, Steve Lanahan, whom many of you already know, was promoted to Senior Regional Sales Manager. You can read more about his vision for the upcoming year in the “Growing Our Team” section. With their fresh insights and dedication, we are poised to raise the bar even higher in the coming year.

As we look ahead, we have a number of new goals in our sights, including an energized focus on financing solutions for the electrification of your facilities and fleets. In fact, in our next issue we will be sharing more about the progress we have made as we aim to support you in your progression toward alternate energy.

These accomplishments wouldn’t be possible without the support and trust of our valued customers. You are the driving force behind our success, and we remain deeply grateful for your continued partnership. We take great pride in serving you and ensuring that your experience with our brand is nothing short of exceptional. Your satisfaction is our utmost priority, and we strive to remain your preferred financial partner as we turn the corner on another year.

Mark Taggart
President & CEO

Ron Storz
VP & COO

Mark Taggart
Ron Storz

A Letter from the CEO & COO

As we close out our fiscal year, we wanted to take a moment to reflect on our shared journey. It has been a strong year for Toyota Industries Commercial Finance (TICF), filled with growth and exciting accomplishments – and none of it could have been achieved without you.

For that reason, we’d like to extend our appreciation to each and every one of our valued dealers for your support and loyalty. Because of your trust in our brand, FY23 resulted in retail acquisitions of $560 million, as well as exceptional growth in our wholesale flooring lines, we added $60 million in new lines and increased existing lines by more than $50 million.

While numbers like this are exciting to report, our year has been full of many other noteworthy highlights that can be harder to track via metrics. Many are directly related to conversations we have had in the field, as we continually strive to meet your needs.

We particularly embrace opportunities to sit down and have focused conversations with groups at the National Dealer Meeting, as well as at meetings of the Dealer Advisory Council and our own F & I Council. You can read more about some of the highlights from those events in this issue. In the spirit of Kaizen, or continuous improvement, we appreciate your candid feedback and suggestions. We recognize the value of this two-way partnership and the relationships we’ve cultivated that encourage this exchange of ideas.

Most notably, we’ve used your feedback to make a series of enhancements to the TC3 Credit Origination System to provide an improved user experience – for you and your customers. Some of the most prominent features already earning rave reviews include streamlined functionality, with many crucial documents now being executed seamlessly through DocuSign, and other time-saving options. Your feedback and enthusiasm for these new features have been invaluable in shaping our future endeavors.

Finally, we are thrilled to announce the addition of several sales executives to our team. Their expertise and passion for the industry further strengthen our commitment to exceptional customer service. Most notably, Jerry Pilla pioneers a new role for TICF as the National Business Development Manager, where he will be responsible for creating a suite of financial products for the emerging opportunities presented by Hino and material handling, as well as automation logistics.

In addition, Steve Lanahan, whom many of you already know, was promoted to Senior Regional Sales Manager. You can read more about his vision for the upcoming year in the “Growing Our Team” section. With their fresh insights and dedication, we are poised to raise the bar even higher in the coming year.

As we look ahead, we have a number of new goals in our sights, including an energized focus on financing solutions for the electrification of your facilities and fleets. In fact, in our next issue we will be sharing more about the progress we have made as we aim to support you in your progression toward alternate energy.

These accomplishments wouldn’t be possible without the support and trust of our valued customers. You are the driving force behind our success, and we remain deeply grateful for your continued partnership. We take great pride in serving you and ensuring that your experience with our brand is nothing short of exceptional. Your satisfaction is our utmost priority, and we strive to remain your preferred financial partner as we turn the corner on another year.

Mark Taggart
President & CEO

Ron Storz
VP & COO

Mark Taggart
Ron Storz

Top Performing Dealers

In each issue of the Hino Express we announce the Top 10 Dealers by volume and market share. To provide recognition to dealers of varying sizes, we’re listing our Top Performing Dealers segmented by size with a delineation at 10 units shipped.

TICF values each and every Hino dealership, and we want to note our appreciation of all business.

These rankings reflect business between April 1, 2023 and May 31, 2023.

MARKET SHARE

(Top 10 — 10 Units or More Shipped)

BENTLEY 93%
INDUSTRIAL POWER 64%
TRUCKMAX HINO OF MIAMI INC 53%
TRUCK SOLUTIONS LLC 47%
RWC 42%
GABRIELLI 36%
TOM’S 30%
VALLEY HINO TRUCK, INC. 13%
OLD RIVER TRUCK SALES 9%
BERGEY’S 9%

MARKET SHARE

(Top 10 — 10 Units or Less Shipped)

HINO OF CHICAGO, INC. 200%
QUALITY TRUCK CENTER 167%
C & M MOTORS, INC. 100%
K. NEAL 100%
RY-DEN DIESEL INC. 100%
GRASK TRUCK GROUP 100%
BALLARD MACK SALES AND SERVICE 100%
ROBERT GREEN AUTO & TRUCK, INC 67%
MAURICE SCHWARTZ & SONS 67%
ROCHESTER TRUCK 60%

New-Non & Used Volume

(Top 10 — 10 Units or More Shipped)

MATHENY
RUSH TRUCK CENTER
GABRIELLI
TRUCKMAX HINO OF MIAMI INC
KRIETE TRUCK GROUP
CAROLINA INTERNATIONAL
TOM’S
FRANK’S TRUCK CENTER, INC
RWC
VALLEY HINO TRUCK INC.

New-Non & Used Volume

(Top 10 — 10 Units or Less Shipped)

ALLEGIANCE TRUCKS, LLC
BRUCKNER TRUCK SALES, INC.
TRANSOURCE
MHC
MCMAHON TRUCK CENTERS
VOMAC TRUCK SALES / R&H
JUKONSKI TRUCK SALES
WORLDWIDE
K. NEAL
ROBERT GREEN AUTO & TRUCK, INC

Top Performing Dealers

In each issue of the Hino Express we announce the Top 10 Dealers by volume and market share. To provide recognition to dealers of varying sizes, we’re listing our Top Performing Dealers segmented by size with a delineation at 10 units shipped.

TICF values each and every Hino dealership, and we want to note our appreciation of all business.

These rankings reflect business between April 1, 2023 and May 31, 2023.

MARKET SHARE

(Top 10 — 10 Units or More Shipped)

BENTLEY 93%
INDUSTRIAL POWER 64%
TRUCKMAX HINO OF MIAMI INC 53%
TRUCK SOLUTIONS LLC 47%
RWC 42%
GABRIELLI 36%
TOM’S 30%
VALLEY HINO TRUCK, INC. 13%
OLD RIVER TRUCK SALES 9%
BERGEY’S 9%

MARKET SHARE

(Top 10 — 10 Units or Less Shipped)

HINO OF CHICAGO, INC. 200%
QUALITY TRUCK CENTER 167%
C & M MOTORS, INC. 100%
K. NEAL 100%
RY-DEN DIESEL INC. 100%
GRASK TRUCK GROUP 100%
BALLARD MACK SALES AND SERVICE 100%
ROBERT GREEN AUTO & TRUCK, INC 67%
MAURICE SCHWARTZ & SONS 67%
ROCHESTER TRUCK 60%

New-Non & Used Volume

(Top 10 — 10 Units or More Shipped)

MATHENY
RUSH TRUCK CENTER
GABRIELLI
TRUCKMAX HINO OF MIAMI INC
KRIETE TRUCK GROUP
CAROLINA INTERNATIONAL
TOM’S
FRANK’S TRUCK CENTER, INC
RWC
VALLEY HINO TRUCK INC.

New-Non & Used Volume

(Top 10 — 10 Units or Less Shipped)

ALLEGIANCE TRUCKS, LLC
BRUCKNER TRUCK SALES, INC.
TRANSOURCE
MHC
MCMAHON TRUCK CENTERS
VOMAC TRUCK SALES / R&H
JUKONSKI TRUCK SALES
WORLDWIDE
K. NEAL
ROBERT GREEN AUTO & TRUCK, INC

A Steadfast Partnership

on Display at Hino Ignite

National Hino dealers gathered for two days of education—and, of course, camaraderie—at Hino Ignite in beautiful San Diego on May 22 to 23, 2023. The theme, “The Winds of Change,” was particularly apt as everyone anticipates the exciting opportunities on the road ahead.

TICF Regional Sales Manager Daniel Kuriyama echoed the sentiment of many when he said, “It’s starting to feel like things are returning to ‘normal,’” referencing both the delight of gathering in person and the way the business is recovering, particularly the increasingly reliable supply chain.

Vince Monteleone, Regional Sales Manager for Hino Southeast, appreciates the patience displayed by the dealer principal base, even as production headwinds continue. “During conversations throughout the conference, we heard dealer principals express frequent affirmations of brand loyalty, which says a lot about Hino and the job their teams have done managing the manufacturing challenges presented over the last three years,” Vince said. “The great news is they are grateful to see Hinos being delivered, period,” he said.

The TICF sales team was on hand to offer a review of the past year, including reflecting on the most exciting developments they have partnered on with Hino dealers, accompanied by a look forward, where presenters shared a glimpse of some of the plans TICF has in the works to further support the dealer body.

As a first-time attendee, Regional Sales Manager Willie Thomas mentioned he especially enjoyed the chance to meet and mingle in person with the Hino dealers he speaks with daily. One of his highlights was hearing the keynote speaker, Alex Rodriguez, who provided an inspirational team-oriented talk. One of the takeaways that resonated with Vince was, “Culture, harmony and attitude are greater than revenue and wins. If we have the right people in this room, and the harmony/culture/grit/attitude is on point, the revenue and the wins will follow.”

“Culture, harmony and attitude are greater than revenue and wins. If we have the right people in this room, and the harmony/culture/grit/attitude is on point, the revenue and the wins will follow.”

Willie also found the breakout sessions informational and eye opening, as attendees learned about different products and heard more about upcoming green developments. On that note, Daniel shared that he believes the battery electric vehicle (BEV) trucks being offered are “extremely capable,” an assessment echoed by Vince.

“Thanks to the ‘ride and drive’ experience Hino offered their dealers and partners, we got to experience each truck in its respective class (Class 5, 6 and 8) from the driver’s seat and passenger seat,” Vince explained, adding that both experiences were impressive, offering a smooth ride coupled with instant power which will definitely make Hino a competitive player in the BEV truck market.

Finally, Vince noted strong buzz from Hino employees and the dealer principals on the TICF team’s dedication to success. “They notice our consistent progression and commitment to their business,” he said. “We look forward to even more joint success this fiscal year.”

A Steadfast Partnership

on Display at Hino Ignite

National Hino dealers gathered for two days of education—and, of course, camaraderie—at Hino Ignite in beautiful San Diego on May 22 to 23, 2023. The theme, “The Winds of Change,” was particularly apt as everyone anticipates the exciting opportunities on the road ahead.

TICF Regional Sales Manager Daniel Kuriyama echoed the sentiment of many when he said, “It’s starting to feel like things are returning to ‘normal,’” referencing both the delight of gathering in person and the way the business is recovering, particularly the increasingly reliable supply chain.

Vince Monteleone, Regional Sales Manager for Hino Southeast, appreciates the patience displayed by the dealer principal base, even as production headwinds continue. “During conversations throughout the conference, we heard dealer principals express frequent affirmations of brand loyalty, which says a lot about Hino and the job their teams have done managing the manufacturing challenges presented over the last three years,” Vince said. “The great news is they are grateful to see Hinos being delivered, period,” he said.

The TICF sales team was on hand to offer a review of the past year, including reflecting on the most exciting developments they have partnered on with Hino dealers, accompanied by a look forward, where presenters shared a glimpse of some of the plans TICF has in the works to further support the dealer body.

As a first-time attendee, Regional Sales Manager Willie Thomas mentioned he especially enjoyed the chance to meet and mingle in person with the Hino dealers he speaks with daily. One of his highlights was hearing the keynote speaker, Alex Rodriguez, who provided an inspirational team-oriented talk. One of the takeaways that resonated with Vince was, “Culture, harmony and attitude are greater than revenue and wins. If we have the right people in this room, and the harmony/culture/grit/attitude is on point, the revenue and the wins will follow.”

“Culture, harmony and attitude are greater than revenue and wins. If we have the right people in this room, and the harmony/culture/grit/attitude is on point, the revenue and the wins will follow.”

Willie also found the breakout sessions informational and eye opening, as attendees learned about different products and heard more about upcoming green developments. On that note, Daniel shared that he believes the battery electric vehicle (BEV) trucks being offered are “extremely capable,” an assessment echoed by Vince.

“Thanks to the ‘ride and drive’ experience Hino offered their dealers and partners, we got to experience each truck in its respective class (Class 5, 6 and 8) from the driver’s seat and passenger seat,” Vince explained, adding that both experiences were impressive, offering a smooth ride coupled with instant power which will definitely make Hino a competitive player in the BEV truck market.

Finally, Vince noted strong buzz from Hino employees and the dealer principals on the TICF team’s dedication to success. “They notice our consistent progression and commitment to their business,” he said. “We look forward to even more joint success this fiscal year.”

Value of a Captive

TICF Takes Customer Service
to the “Max”

Partnership. Teamwork. Versatility. Those are the words that Dana DeMaria Nateman, Vice President and Finance Director of TruckMax, Inc., uses to describe the dealer’s relationship with Toyota Industries Commercial Finance (TICF).

TruckMax has been a family business since 1996 when Dana’s father, who previously owned a multi-franchise retail car dealership, was working as a bankruptcy trustee for a commercial truck dealership and quickly recognized its potential as a thriving industry. Dana had started her career as a financial advisor at Morgan Stanley but was drawn to move back into the family business when a finance position opened. She realized that working in a commercial dealership would offer more appealing working hours that aligned with her desire for more family time. Since making the change over a decade ago, she has been thrilled with the opportunities it has offered and the growth she has helped oversee in the business.

While the dealership already had a healthy market share at its flagship location in southern Florida, the TruckMax team saw possibilities in expanding to serve a wider swath of customers and now has five locations throughout Florida. It prides itself on a vast array of inventory, along with best-in-class customer service. Dana credits TruckMax’ ability to provide this service in part due to its association with TICF.

The dealership has always been a strong proponent of Hino, Dana explains. “The products have a wonderful reputation for reliability, and with the Toyota brand behind them, customers are already convinced of quality,” Dana says. “Our job is to build on that positive impression to represent the product well and provide attractive financing to encourage the purchase.”

As the captive finance company for Hino Trucks, TICF was an obvious choice as partner for the retail finance side, she says, adding that it then was a natural progression to expand into floor plans.

As the dealer’s business has grown, TICF has supported TruckMax every step of the way and in all conditions. In fact, when supply was tight over the past couple of years, TICF stood by TruckMax, continuing to provide financing and floor plan programs, even when the dealership had to turn to other truck options.

“That commitment to continue to help us grow despite a supply shortage has come full circle,” Dana says. “Now that we are back to full inventory, customers are flocking to Hino products and TICF because they already had established a relationship. Since they didn’t step away, but instead leaned in to help us out, TICF remained present in the market as a top finance source.”

In addition to the benefits TICF offers TruckMax’ customers, Dana appreciates how easy the team is to work with—she finds that from credit analysts to management, an answer is never far away. “Vince [Monteleone], our regional sales manager, is always available, responsive and attentive. He respects us and our dealership.”

The team is open to feedback, as well, she says, with an eagerness to accept suggestions and make changes to systems. “It’s clear they take seriously the concept of ‘kaizen’ and embrace continuous improvement because we see it happening all the time.”

Dana particularly appreciates the specialized analysis and consideration TICF gives every loan, while still being able to compete on price. “They are open to our deals and willing to make conditional calls even if it falls outside certain parameters. They understand the special structure that might be needed for a specific type of truck or industry.”

As an example, Dana shared the story of a customer whose payment history had suffered as they contended with some medical issues. TruckMax believed in them because of their previous strong track record, and so they guaranteed the deal and TICF serviced it on their books, a versatile arrangement that underscored the level of partnership TICF strives for. The story had a happy ending, with the customer emerging from that challenging period and buying many more trucks over the years.

In addition to personalized service, Dana notes the streamlined application process available through TC3 that supports quick response time, as well as the variety of options for financing.

In short, Dana believes that any dealer not using Toyota as its captive is hurting its business. “It’s rare to find someone with the skill sets and customer focus TICF has, who is committed to helping us succeed in this uber competitive market. I would encourage anyone who has the option to use TICF to give them the opportunity.”

Value of a Captive

TICF Takes Customer Service
to the “Max”

Partnership. Teamwork. Versatility. Those are the words that Dana DeMaria Nateman, Vice President and Finance Director of TruckMax, Inc., uses to describe the dealer’s relationship with Toyota Industries Commercial Finance (TICF).

TruckMax has been a family business since 1996 when Dana’s father, who previously owned a multi-franchise retail car dealership, was working as a bankruptcy trustee for a commercial truck dealership and quickly recognized its potential as a thriving industry. Dana had started her career as a financial advisor at Morgan Stanley but was drawn to move back into the family business when a finance position opened. She realized that working in a commercial dealership would offer more appealing working hours that aligned with her desire for more family time. Since making the change over a decade ago, she has been thrilled with the opportunities it has offered and the growth she has helped oversee in the business.

While the dealership already had a healthy market share at its flagship location in southern Florida, the TruckMax team saw possibilities in expanding to serve a wider swath of customers and now has five locations throughout Florida. It prides itself on a vast array of inventory, along with best-in-class customer service. Dana credits TruckMax’ ability to provide this service in part due to its association with TICF.

The dealership has always been a strong proponent of Hino, Dana explains. “The products have a wonderful reputation for reliability, and with the Toyota brand behind them, customers are already convinced of quality,” Dana says. “Our job is to build on that positive impression to represent the product well and provide attractive financing to encourage the purchase.”

As the captive finance company for Hino Trucks, TICF was an obvious choice as partner for the retail finance side, she says, adding that it then was a natural progression to expand into floor plans.

As the dealer’s business has grown, TICF has supported TruckMax every step of the way and in all conditions. In fact, when supply was tight over the past couple of years, TICF stood by TruckMax, continuing to provide financing and floor plan programs, even when the dealership had to turn to other truck options.

“That commitment to continue to help us grow despite a supply shortage has come full circle,” Dana says. “Now that we are back to full inventory, customers are flocking to Hino products and TICF because they already had established a relationship. Since they didn’t step away, but instead leaned in to help us out, TICF remained present in the market as a top finance source.”

In addition to the benefits TICF offers TruckMax’ customers, Dana appreciates how easy the team is to work with—she finds that from credit analysts to management, an answer is never far away. “Vince [Monteleone], our regional sales manager, is always available, responsive and attentive. He respects us and our dealership.”

The team is open to feedback, as well, she says, with an eagerness to accept suggestions and make changes to systems. “It’s clear they take seriously the concept of ‘kaizen’ and embrace continuous improvement because we see it happening all the time.”

Dana particularly appreciates the specialized analysis and consideration TICF gives every loan, while still being able to compete on price. “They are open to our deals and willing to make conditional calls even if it falls outside certain parameters. They understand the special structure that might be needed for a specific type of truck or industry.”

As an example, Dana shared the story of a customer whose payment history had suffered as they contended with some medical issues. TruckMax believed in them because of their previous strong track record, and so they guaranteed the deal and TICF serviced it on their books, a versatile arrangement that underscored the level of partnership TICF strives for. The story had a happy ending, with the customer emerging from that challenging period and buying many more trucks over the years.

In addition to personalized service, Dana notes the streamlined application process available through TC3 that supports quick response time, as well as the variety of options for financing.

In short, Dana believes that any dealer not using Toyota as its captive is hurting its business. “It’s rare to find someone with the skill sets and customer focus TICF has, who is committed to helping us succeed in this uber competitive market. I would encourage anyone who has the option to use TICF to give them the opportunity.”

In-Person F&I Council Meeting Helps Dealers and TICF Align on Goals

Eight members of the TICF F&I Dealer Council met in New York City at the end of fiscal year 2023 for an insightful and collaborative gathering, the first in-person get-together since the pandemic. Senior Sales Manager Keith Courtney and Regional Sales Manager Steve Lanahan led the two-day event, where they presented TICF updates and facilitated an open dialogue surrounding suggested improvements and other ideas from the dealers. “It’s a very loyal group and we really appreciate the partnership and trust we’ve built up,” said Keith.

The agenda included discussions of the TC3 credit system, payoffs, funding, billing, warranty and insurance matters, Power of Attorney, titles, as well as issues related to customer service and dealer relations. Together the group generated ideas to create a streamlined approach to several processes. “We welcome the candid feedback the F&I Council provides. It’s priority No. 1 to make the improvements dealers seek,” said Steve.

“We welcome the candid feedback the F&I Council provides. It’s priority No. 1 to make the improvements dealers seek.”

Among the changes TICF has already completed based on previous input from Council members are the addition of trailers to the product portfolio, an updated amortization schedule for trucks, an enhanced template for approval letters that now include the rate, and an expanded catalog of gift cards in the Elite Dealer Rewards redemption catalog.

In addition, TICF is currently we are in the final stages of planning and negotiating a 3-year, multi-million-dollar digital transformation project that will replace both our portfolio management and credit origination systems, based on recommendations from dealers. “The group has voiced their excitement about this upcoming effort to revamp systems and are eager to be part of the process to ensure the updates are dealer-friendly,” said Steve.

During the pandemic, the Council continued virtual meetings which spawned many of these ideas. The recent in-person meeting was a definite bonus for Chris Koumoulis, F&I Manager for Frank’s Truck Center, who has been a member of the Council since its inception and has found it to be greatly beneficial to his business.

“I learn so much talking with other people from around the country who do what I do and who share challenges and best practices,” said Chris. “And, being able to communicate openly with TICF management has created a stronger relationship.”

He has noticed a variety of incremental changes that have been made based directly on the group’s feedback, including updates to forms and processes. “When taken together these adjustments have had a significant impact. I appreciate that they listen and are motivated to implement changes that make our jobs easier and allow us to more effective with our own customers.”

“It’s gratifying that the members of the Council find tremendous value and therefore choose to continue to participate year after year. The F&I Council has been a success on both sides,” Keith said.

Wondering who’s on the F&I Council? Here is the current roster and contact information. We invite all dealers to contact members with feedback and ideas that can be funneled to an upcoming meeting.

Name
Dealer
Email
Phone
Joe De La Rosa Tom’s Truck Center, Inc. jdelarosa@ttruck.com (562) 977-2256
Dana DeMaria Truckmax Inc. ddemaria@truckmax.com (305) 793-3883
Stacyee Disney Rush Enterprises disneys@rushenterprises.com (830) 302-5607
Bob Ernst Gabrielli Truck Sales rernst@gabriellitruck.com (718) 977-7348; Ext. 1021
Robbie Green Robert Green Truck Sales rgtruck@gmail.com (845) 794-0300
Jim Hawthorne Bentley Truck Services, Inc. jimh@bentleytruckservices.com (609) 501-8011
Chris Koumoulis Franks Truck Center ckoumoulis@frankstruckcenter.com (201) 939-7708
Simone Ledenec Interstate Truck Source, Inc. simone@401trucksource.com (734) 467-7100
Kristin M. Mark Bergey’s Truck Centers KMHolland@bergeys.com (215) 799-3537
Taylor Pfeuti Kriete Group taylor@kgtruck.com (414) 750-8534
Justin Shiflet RWC Group jshiflet@rwcgroup.com (602) 252-0148
Rona Wickliffe Industrial Power Truck & Equipment RonaW@iptruck.com (817) 546-7601
Michael Wolfe TransSource Truck Sales michael.wolfe@tsource.com (336) 992-7828

In-Person F&I Council Meeting Helps Dealers and TICF Align on Goals

Eight members of the TICF F&I Dealer Council met in New York City at the end of fiscal year 2023 for an insightful and collaborative gathering, the first in-person get-together since the pandemic. Senior Sales Manager Keith Courtney and Regional Sales Manager Steve Lanahan led the two-day event, where they presented TICF updates and facilitated an open dialogue surrounding suggested improvements and other ideas from the dealers. “It’s a very loyal group and we really appreciate the partnership and trust we’ve built up,” said Keith.

The agenda included discussions of the TC3 credit system, payoffs, funding, billing, warranty and insurance matters, Power of Attorney, titles, as well as issues related to customer service and dealer relations. Together the group generated ideas to create a streamlined approach to several processes. “We welcome the candid feedback the F&I Council provides. It’s priority No. 1 to make the improvements dealers seek,” said Steve.

“We welcome the candid feedback the F&I Council provides. It’s priority No. 1 to make the improvements dealers seek.”

Among the changes TICF has already completed based on previous input from Council members are the addition of trailers to the product portfolio, an updated amortization schedule for trucks, an enhanced template for approval letters that now include the rate, and an expanded catalog of gift cards in the Elite Dealer Rewards redemption catalog.

In addition, TICF is currently we are in the final stages of planning and negotiating a 3-year, multi-million-dollar digital transformation project that will replace both our portfolio management and credit origination systems, based on recommendations from dealers. “The group has voiced their excitement about this upcoming effort to revamp systems and are eager to be part of the process to ensure the updates are dealer-friendly,” said Steve.

During the pandemic, the Council continued virtual meetings which spawned many of these ideas. The recent in-person meeting was a definite bonus for Chris Koumoulis, F&I Manager for Frank’s Truck Center, who has been a member of the Council since its inception and has found it to be greatly beneficial to his business.

“I learn so much talking with other people from around the country who do what I do and who share challenges and best practices,” said Chris. “And, being able to communicate openly with TICF management has created a stronger relationship.”

He has noticed a variety of incremental changes that have been made based directly on the group’s feedback, including updates to forms and processes. “When taken together these adjustments have had a significant impact. I appreciate that they listen and are motivated to implement changes that make our jobs easier and allow us to more effective with our own customers.”

“It’s gratifying that the members of the Council find tremendous value and therefore choose to continue to participate year after year. The F&I Council has been a success on both sides,” Keith said.

Wondering who’s on the F&I Council? Here is the current roster and contact information. We invite all dealers to contact members with feedback and ideas that can be funneled to an upcoming meeting.

Name
Dealer
Email
Phone
Joe De La Rosa Tom’s Truck Center, Inc. jdelarosa@ttruck.com (562) 977-2256
Dana DeMaria Truckmax Inc. ddemaria@truckmax.com (305) 793-3883
Stacyee Disney Rush Enterprises disneys@rushenterprises.com (830) 302-5607
Bob Ernst Gabrielli Truck Sales rernst@gabriellitruck.com (718) 977-7348; Ext. 1021
Robbie Green Robert Green Truck Sales rgtruck@gmail.com (845) 794-0300
Jim Hawthorne Bentley Truck Services, Inc. jimh@bentleytruckservices.com (609) 501-8011
Chris Koumoulis Franks Truck Center ckoumoulis@frankstruckcenter.com (201) 939-7708
Simone Ledenec Interstate Truck Source, Inc. simone@401trucksource.com (734) 467-7100
Kristin M. Mark Bergey’s Truck Centers KMHolland@bergeys.com (215) 799-3537
Taylor Pfeuti Kriete Group taylor@kgtruck.com (414) 750-8534
Justin Shiflet RWC Group jshiflet@rwcgroup.com (602) 252-0148
Rona Wickliffe Industrial Power Truck & Equipment RonaW@iptruck.com (817) 546-7601
Michael Wolfe TransSource Truck Sales michael.wolfe@tsource.com (336) 992-7828

Elite Dealer Rewards Program Offers

Brands and Services to Suit Every Taste

Everyone loves perks, and dealers who have signed up with TICF’s Elite Dealer Rewards program are being showered with them. “I didn’t even have to do much to earn my first gift card,” said Alex Polo, Business Director at Florida-based Rechtien International Trucks, Inc., who first read about the program in information sent from his TICF Regional Sales Manager, Leisha Nalls.

“Compared with similar programs from other vendors, I was really impressed with the catalog of diverse offerings you can potentially earn. There were endless possibilities for travel, electronics, gift cards and all kinds of home accessories—I would say that anything you can think of, you will find in the catalog.”

Given his background in sales for luxury car companies like Ferrari and Porsche, Alex was drawn to the availability of upscale products and brands that suit his discerning taste. However, it’s equally useful for more everyday items. For example, Alex had given his old BBQ to his mom and went looking to see if he could get a new one with his points. It’s always grilling season in Miami, and Alex has amassed an entire collection of different types for various uses and cuisines. Sure enough, there was the model he was looking for, a Genesis EPX-335 Smart Natural Gas Grill, at a point value that made sense.

In that way he finds the program superior to your typical credit card program, where it’s easy to feel like you’re trading a huge value of points for equivalent merchandise or travel that doesn’t quite add up.

Alex also appreciates how the catalog can serve as inspiration. Previously he had spotted a digital wine decanter that would help optimize special bottles of wine by measuring the ideal decanting period for maximum quality and enjoyment. Yet when he went to order it, he couldn’t find it anymore. Fortunately, a helpful rewards concierge was able to locate exactly what he wanted when he inquired.

While participants have to claim points within 90 days so they don’t expire, they don’t have to be redeemed immediately, which is another element Alex values. “If you have your eye set on something big like an expensive TV or trip, you can bank the points, keep selling, and earn enough to achieve it.” In fact, Alex, who wanted to add a smoker to his outdoor kitchen, just redeemed for a Traeger Timberline XL WiFi Wood Pellet Grill in the award catalog at 594,200.

If you don’t see a product that suits your immediate needs, the catalog has recently expanded its gift card selection, perfect for gifting to others (or yourself, of course). While the catalog already offers digital and subscription gift cards to redeem for services like Google Play, iTunes and Hulu, in 2023 at the request of dealers, TICF added retailer and dining gift cards. That means dealers can redeem points for dozens of places, such as Nordstrom, Crate and Barrel, AMC Theatres®, Outback Steakhouse, and many, many more.

“I do a lot of business with TICF because of its competitive rates, responsive service, and overall great experience, but Elite Dealer Rewards is definitely one more notable benefit,” Alex said. “I consider it my own personal Amazon.”

Have you signed up for Elite Dealer Rewards? Don’t miss out on valuable products, services, and experiences. Learn more and enroll today HERE.

Coming Soon

Two-Factor Authentication when logging into Elite Dealer Awards

Providing secure solutions and protecting our clients’ data has been one of the top initiatives at TICF. To increase security and reduce risk, Elite Dealer Rewards is introducing two-factor authentication (2FA) to the user experience. In the coming weeks, we will begin the process of setting up all accounts with this new feature to protect you and your valuable, well-earned points.

COMING SOON

Two-Factor Authentication when logging into Elite Dealer Awards

Providing secure solutions and protecting our clients’ data has been one of the top initiatives at TICF. To increase security and reduce risk, Elite Dealer Rewards is introducing two-factor authentication (2FA) to the user experience. In the coming weeks, we will begin the process of setting up all accounts with this new feature to protect you and your valuable, well-earned points.

Elite Dealer Rewards Program Offers

Brands and Services to Suit Every Taste

Everyone loves perks, and dealers who have signed up with TICF’s Elite Dealer Rewards program are being showered with them. “I didn’t even have to do much to earn my first gift card,” said Alex Polo, Business Director at Florida-based Rechtien International Trucks, Inc., who first read about the program in information sent from his TICF Regional Sales Manager, Leisha Nalls.

“Compared with similar programs from other vendors, I was really impressed with the catalog of diverse offerings you can potentially earn. There were endless possibilities for travel, electronics, gift cards and all kinds of home accessories—I would say that anything you can think of, you will find in the catalog.”

Given his background in sales for luxury car companies like Ferrari and Porsche, Alex was drawn to the availability of upscale products and brands that suit his discerning taste. However, it’s equally useful for more everyday items. For example, Alex had given his old BBQ to his mom and went looking to see if he could get a new one with his points. It’s always grilling season in Miami, and Alex has amassed an entire collection of different types for various uses and cuisines. Sure enough, there was the model he was looking for, a Genesis EPX-335 Smart Natural Gas Grill, at a point value that made sense.

In that way he finds the program superior to your typical credit card program, where it’s easy to feel like you’re trading a huge value of points for equivalent merchandise or travel that doesn’t quite add up.

Alex also appreciates how the catalog can serve as inspiration. Previously he had spotted a digital wine decanter that would help optimize special bottles of wine by measuring the ideal decanting period for maximum quality and enjoyment. Yet when he went to order it, he couldn’t find it anymore. Fortunately, a helpful rewards concierge was able to locate exactly what he wanted when he inquired.

While participants have to claim points within 90 days so they don’t expire, they don’t have to be redeemed immediately, which is another element Alex values. “If you have your eye set on something big like an expensive TV or trip, you can bank the points, keep selling, and earn enough to achieve it.” In fact, Alex, who wanted to add a smoker to his outdoor kitchen, just redeemed for a Traeger Timberline XL WiFi Wood Pellet Grill in the award catalog at 594,200.

If you don’t see a product that suits your immediate needs, the catalog has recently expanded its gift card selection, perfect for gifting to others (or yourself, of course). While the catalog already offers digital and subscription gift cards to redeem for services like Google Play, iTunes and Hulu, in 2023 at the request of dealers, TICF added retailer and dining gift cards. That means dealers can redeem points for dozens of places, such as Nordstrom, Crate and Barrel, AMC Theatres®, Outback Steakhouse, and many, many more.

“I do a lot of business with TICF because of its competitive rates, responsive service, and overall great experience, but Elite Dealer Rewards is definitely one more notable benefit,” Alex said. “I consider it my own personal Amazon.”

Have you signed up for Elite Dealer Rewards? Don’t miss out on valuable products, services, and experiences. Learn more and enroll today HERE.

Coming Soon

Two-Factor Authentication when logging into Elite Dealer Awards

Providing secure solutions and protecting our clients’ data has been one of the top initiatives at TICF. To increase security and reduce risk, Elite Dealer Rewards is introducing two-factor authentication (2FA) to the user experience. In the coming weeks, we will begin the process of setting up all accounts with this new feature to protect you and your valuable, well-earned points.

COMING SOON

Two-Factor Authentication when logging into Elite Dealer Awards

Providing secure solutions and protecting our clients’ data has been one of the top initiatives at TICF. To increase security and reduce risk, Elite Dealer Rewards is introducing two-factor authentication (2FA) to the user experience. In the coming weeks, we will begin the process of setting up all accounts with this new feature to protect you and your valuable, well-earned points.

New TICF Dealer Kits

to Facilitate a Smooth Funding Journey

What type of lease is most advantageous for my situation? How can I set up automatic payments and view my payment history?

These are the types of questions prospective customers have every day as they assess their truck finance and billing options. That’s why Toyota Industries Commercial Finance (TICF) has developed a new tool to help dealers provide a comprehensive sales and finance experience to meet anticipated demand in 2023 and beyond.

The new TICF Hino Dealer Kit covers the entire funding journey, answering questions customers may have at every step and providing branded merchandise to help keep TICF top of mind.

“We realized a new approach to marketing collateral would be an asset in keeping pace with the influx of inquiries and specialized needs dealers and their customers have,” says Vince Monteleone, Regional Sales Manager for the Southeast, who spearheaded the TICF Dealer Kit initiative for the sales team. “The goal is to eliminate steps, create consistency of conversations, and provide a more seamless experience out of the gate when doing business with Toyota.”

“The goal is to eliminate steps, create consistency of conversations, and provide a more seamless experience out of the gate when doing business with Toyota.”

The TICF Dealer Kit contents include:

  • A brochure detailing truck finance solutions
  • A brochure that introduces 24/7 online account access and summarizes features of the TICF customer portal
  • Easel-back brochure holders for dealership display
  • Custom pens customers can use when signing documents then keep

The kit is intended to be a resource the finance department can refer to and quickly answer questions and strengthen process efficiencies and relationships.

While much of the information exists online, compiling it into a kit offered one more way to present a cohesive summary. “While we’re proud of our ability to offer DocuSign capabilities and e-documents, we realize not everything happens online,” Vince says.

Delivered in May 2023; the initial mailing included a small supply of marketing resources, with reorders available at no cost through Hino Source or your TICF RSM. The TICF team wants to ensure it is useful to dealers and encourages recipients to share their experiences and any suggestions for improvement or updating now that it is in your hands.

“At the end of the day our goal is to be progressive in filling dealer and customer needs,” Vince says. “We recognized this was an area of opportunity, so we made it a high priority.”

New TICF Dealer Kits

to Facilitate a Smooth Funding Journey

What type of lease is most advantageous for my situation? How can I set up automatic payments and view my payment history?

These are the types of questions prospective customers have every day as they assess their truck finance and billing options. That’s why Toyota Industries Commercial Finance (TICF) has developed a new tool to help dealers provide a comprehensive sales and finance experience to meet anticipated demand in 2023 and beyond.

The new TICF Hino Dealer Kit covers the entire funding journey, answering questions customers may have at every step and providing branded merchandise to help keep TICF top of mind.

“We realized a new approach to marketing collateral would be an asset in keeping pace with the influx of inquiries and specialized needs dealers and their customers have,” says Vince Monteleone, Regional Sales Manager for the Southeast, who spearheaded the TICF Dealer Kit initiative for the sales team. “The goal is to eliminate steps, create consistency of conversations, and provide a more seamless experience out of the gate when doing business with Toyota.”

“The goal is to eliminate steps, create consistency of conversations, and provide a more seamless experience out of the gate when doing business with Toyota.”

The TICF Dealer Kit contents include:

  • A brochure detailing truck finance solutions
  • A brochure that introduces 24/7 online account access and summarizes features of the TICF customer portal
  • Easel-back brochure holders for dealership display
  • Custom pens customers can use when signing documents then keep

The kit is intended to be a resource the finance department can refer to and quickly answer questions and strengthen process efficiencies and relationships.

While much of the information exists online, compiling it into a kit offered one more way to present a cohesive summary. “While we’re proud of our ability to offer DocuSign capabilities and e-documents, we realize not everything happens online,” Vince says.

Delivered in May 2023; the initial mailing included a small supply of marketing resources, with reorders available at no cost through Hino Source or your TICF RSM. The TICF team wants to ensure it is useful to dealers and encourages recipients to share their experiences and any suggestions for improvement or updating now that it is in your hands.

“At the end of the day our goal is to be progressive in filling dealer and customer needs,” Vince says. “We recognized this was an area of opportunity, so we made it a high priority.”

Improvements to TC3

Underscore TICF’s Commitment to

Ease of Doing Business

There’s no doubt that a laser focus on customer needs is a key driver of success. That’s why Toyota Industries Commercial Finance (TICF) is committed to proactively seeking input on how to improve all its systems and processes, and then sharing that candid feedback with the rest of the team to seek enhancements that streamline processes for dealers.

Put succinctly: When dealers ask, TICF listens. This process aligns with the company philosophy of Kaizen, or continuous improvement. We strive to help you conveniently package the information needed to finance your commercial truck deals, leading to a series of improvements to the TC3 Credit Origination System.

Among the most notable TC3 updates that were rolled out in FY23:

Documentation Upgrades

Documents such as retail installment contracts, TRAC leases, master lease agreements and site surveys can now be seamlessly executed through DocuSign. Click here to read more.

Updated Language

Additional language was also added for details on Delivery and Acceptance, ensuring accuracy in the start date of the contract, while reducing the need to rebook a contract.

Amortize Anytime

Hino customers can now request and view amortization schedules from within the TICF customer portal. Click here to read more.

Address Validation and Improved Sales Tax Estimates

This new functionality simplifies the funding process by reducing the probability of disruptions resulting from sales tax-related errors. Click here to read more.

Customer Search Functionality and Customer Profile

This change reduces redundant data entry to save time and reduce errors. It also allows dealers to create special billing requirements, such as identifying customer request for billing consolidation and preferences for the most convenient monthly billing date. Click here to read more.

As TICF strives to be your partner of choice, we will continue to solicit feedback and incorporate new and innovative features to provide a more seamless customer experience.

Improvements to TC3

Underscore TICF’s Commitment to

Ease of Doing Business

There’s no doubt that a laser focus on customer needs is a key driver of success. That’s why Toyota Industries Commercial Finance (TICF) is committed to proactively seeking input on how to improve all its systems and processes, and then sharing that candid feedback with the rest of the team to seek enhancements that streamline processes for dealers.

Put succinctly: When dealers ask, TICF listens. This process aligns with the company philosophy of Kaizen, or continuous improvement. We strive to help you conveniently package the information needed to finance your commercial truck deals, leading to a series of improvements to the TC3 Credit Origination System.

Among the most notable TC3 updates that were rolled out in FY23:

Documentation Upgrades

Documents such as retail installment contracts, TRAC leases, master lease agreements and site surveys can now be seamlessly executed through DocuSign. Click here to read more.

Updated Language

Additional language was also added for details on Delivery and Acceptance, ensuring accuracy in the start date of the contract, while reducing the need to rebook a contract.

Amortize Anytime

Hino customers can now request and view amortization schedules from within the TICF customer portal. Click here to read more.

Address Validation and Improved Sales Tax Estimates

This new functionality simplifies the funding process by reducing the probability of disruptions resulting from sales tax-related errors. Click here to read more.

Customer Search Functionality and Customer Profile

This change reduces redundant data entry to save time and reduce errors. It also allows dealers to create special billing requirements, such as identifying customer request for billing consolidation and preferences for the most convenient monthly billing date. Click here to read more.

As TICF strives to be your partner of choice, we will continue to solicit feedback and incorporate new and innovative features to provide a more seamless customer experience.

Meet Your New Senior Regional Sales Manager

Stephen Lanahan

With more than 25 years of truck finance experience at both lenders and dealerships, Stephen (Steve) Lanahan has a unique perspective on deal making. This 360-degree view developed from having been on both sides is just one of the reasons he was recently promoted to Senior Regional Sales Manager, drawing on a stellar track record of success.

In his new position, Steve will oversee the four Hino RSMs in their daily responsibilities as they continue to grow dealer relationships and TICF’s overall portfolio, while also maintaining his current position as Regional Sales Manager for the Hino dealers in the North Central part of the country. It’s a perfect blend of both “leading” and “doing” that will make good use of his strengths as a subject matter expert whom dealers and customers seek out for their financing needs, while mentoring his team.

Since joining TICF in 2018, Steve has seen many positive changes, particularly in the continuous improvements that make it easier for customers and dealers to do business with TICF. As one example, he points to the Service Level Agreements TICF has put in place. By greatly streamlining the process, they allow for credit decisions within two hours of submission, same-day funding of contracts, and a best practice of answering customer service calls within 30 seconds.

And there’s more to come. TICF is investing in a new front-to-back-end system that will allow TICF to set new standards for service levels.

Looking ahead, Steve says he’s also excited about new opportunities within the electric vehicle category. “With the electrification of the industry coming sooner rather than later, I want TICF to be the lender of choice to help with that process for both the dealers and their customers,” he says. In fact, he urges dealers to communicate regularly with their Regional Sales Manager to discuss all the capabilities TICF offers, including a full range of products for dealer needs such as floorplan, acquisition financing, working capital lines, and lease lines of credit, along with a full complement of financing options for the dealer’s customers.

He is proud of the fact that dealers don’t hesitate to offer suggestions to the TICF team, mentioning that many of these ideas have been the catalyst for new programs TICF routinely develops.

That has helped the company be resilient, even with all the recent challenges it has navigated, from pandemic-related shutdowns to supply chain issues and historic interest rate hikes. “Through it all, TICF has grown year over year as we continually find new ways to show our dealers how we live up to our company vision – ‘to be the most trusted and sought-after financing partner to the transportation, logistics, and material handling ecosystem,’” he says.

As Steve reflects on what makes TICF special and keeps him loyal, he cites the culture, the people he works with, and the opportunity to make a difference for dealers and their customers. “TICF has proven to be the best company I have worked for. Management truly listens to input from customers, employees, and dealers to implement changes that make us a stronger company and allow us to provide the service our clients need.”

Meet Your New
Senior Regional Sales Manager

Stephen Lanahan

With more than 25 years of truck finance experience at both lenders and dealerships, Stephen (Steve) Lanahan has a unique perspective on deal making. This 360-degree view developed from having been on both sides is just one of the reasons he was recently promoted to Senior Regional Sales Manager, drawing on a stellar track record of success.

In his new position, Steve will oversee the four Hino RSMs in their daily responsibilities as they continue to grow dealer relationships and TICF’s overall portfolio, while also maintaining his current position as Regional Sales Manager for the Hino dealers in the North Central part of the country. It’s a perfect blend of both “leading” and “doing” that will make good use of his strengths as a subject matter expert whom dealers and customers seek out for their financing needs, while mentoring his team.

Since joining TICF in 2018, Steve has seen many positive changes, particularly in the continuous improvements that make it easier for customers and dealers to do business with TICF. As one example, he points to the Service Level Agreements TICF has put in place. By greatly streamlining the process, they allow for credit decisions within two hours of submission, same-day funding of contracts, and a best practice of answering customer service calls within 30 seconds.

And there’s more to come. TICF is investing in a new front-to-back-end system that will allow TICF to set new standards for service levels.

Looking ahead, Steve says he’s also excited about new opportunities within the electric vehicle category. “With the electrification of the industry coming sooner rather than later, I want TICF to be the lender of choice to help with that process for both the dealers and their customers,” he says. In fact, he urges dealers to communicate regularly with their Regional Sales Manager to discuss all the capabilities TICF offers, including a full range of products for dealer needs such as floorplan, acquisition financing, working capital lines, and lease lines of credit, along with a full complement of financing options for the dealer’s customers.

He is proud of the fact that dealers don’t hesitate to offer suggestions to the TICF team, mentioning that many of these ideas have been the catalyst for new programs TICF routinely develops.

“The goal is to eliminate steps, create consistency of conversations, and provide a more seamless experience out of the gate when doing business with Toyota.”

That has helped the company be resilient, even with all the recent challenges it has navigated, from pandemic-related shutdowns to supply chain issues and historic interest rate hikes. “Through it all, TICF has grown year over year as we continually find new ways to show our dealers how we live up to our company vision – ‘to be the most trusted and sought-after financing partner to the transportation, logistics, and material handling ecosystem,’” he says.

As Steve reflects on what makes TICF special and keeps him loyal, he cites the culture, the people he works with, and the opportunity to make a difference for dealers and their customers. “TICF has proven to be the best company I have worked for. Management truly listens to input from customers, employees, and dealers to implement changes that make us a stronger company and allow us to provide the service our clients need.”

Did you pay attention?

Take this one-question quiz for your chance to earn 1,000 Elite Dealer Reward points, if your dealer group is opted into Elite Dealer Rewards. (And bragging rights, of course!)

How many dealer representatives are on the F&I Council? *
Sorry, this quiz is no longer available.

Did you pay attention?

Take this one-question quiz for your chance to earn 1,000 Elite Dealer Reward points, if your dealer group is opted into Elite Dealer Rewards. (And bragging rights, of course!)

How many dealer representatives are on the F&I Council? *
Sorry, this quiz is no longer available.

Feedback

We are already planning the next edition of the Hino Express. Have a story idea or a suggestion to improve? Please let us know by submitting it via the form below.

Feedback

We are already planning the next edition of the Hino Express. Have a story idea or a suggestion to improve? Please let us know by submitting it via the form below.