Statistical data for the construction equipment market provided by EDA showed the top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 3,509 new construction equipment units that were financed or leased during the month of August 2017.

The top five lenders – Caterpillar Financial Services, John Deere Industrial Credit, Kubota Credit, Wells Fargo Vendor Finance and CNH Industrial Capital – accounted for 74% of the total, or 2,583 units. The top lender, Caterpillar Financial, accounted for 735 units, or a 21% share of the total.

The top five construction equipment buyers (brands) included: Interstate Aerials (MEC), Crossfire (Deere/Volvo), Twilight Services (Magnum), MB Tractor & Equipment (Kubota) and Wright Tree Service (Altec/Terex).