Top Five Construction Equipment Lenders Account for 43.2% of November Total

Statistical data for the construction equipment market provided by EDA showed the lenders in the segment, in the aggregate, completed a total of 11,167 new construction equipment related filings during the month of November 2018.

The top five lenders, in units, included:

  • Caterpillar Financial Services (1,266)
  • John Deere Industrial Credit (1,211)
  • Wells Fargo (includes Wells Fargo Vendor Financial Services, Wells Fargo Equipment Finance) (942)
  • Kubota Credit (922)
  • CNH Industrial Credit (483)

The top five accounted for 43.2% of the total, or 4,824 units. The top lender, Caterpillar Financial Services, accounted for a 11.3% share of the total.

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

  • Fairview Woodyard (Fairview, MI/TigerCat/4)
  • Lewis Tree Service (West Henrietta, NY/Vermeer/4)
  • Tree Service Kings (Canoga Park, CA/Vermeer/4)
  • Cut Stock (Fairview, MI/ TigerCat/4)
  • D&S Recycling (Myrtle Beach, SC /Deere/3)

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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