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.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com