Top Five Construction Equipment Lenders Account for 42.5% of September Total

Statistical data for the construction equipment market provided by EDA showed the lenders in the segment, in the aggregate, completed a total of 8,476 new construction equipment related filings during the month of September 2018.

The top five lenders, in units, included:

  • Caterpillar Financial Services (1,005)
  • Wells Fargo (includes Wells Fargo Vendor Financial Services, Wells Fargo Equipment Finance and Wells Fargo Bank) (877)
  • John Deere Industrial Credit (866)
  • Kubota Credit (799)
  • Komatsu Financial (280)

The top five accounted for 42.5% of the total, or 3,827 units. The top lender, Caterpillar Financial Services, accounted for a 11.9% share of the total.

The top five construction equipment buyers (location/brands/filings) included:

  • Highway Safety Protection Co (The Woodlands, TX/Komatsu, Caterpillar /46)
  • Cross Country Pipeline Supply (Wilmington, DE/Caterpillar/34)
  • Highway Safety Protection (College Point, NY/Skyjack, Genie/32)
  • Cactus Tools (Beeville, TX/Harbinger/30)
  • Porter Rents (Corona, CA/Hyundai, Bomag/25)

The EDA IndustryInsight trend charts provide monthly statistical data on UCC financing activity in the U.S. for sale and lease transactions of new equipment.

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