Top Five Construction Equipment Lenders Account for 50.1% of August Total



Statistical data for the construction equipment market provided by EDA showed the lenders in the segment, in the aggregate, completed a total of 10,203 new construction equipment related filings during the month of August 2018.

The top five lenders, in units, included:

  • Caterpillar Financial Services (1,538)
  • John Deere Industrial Credit (1,142)
  • Kubota Credit (1,059)
  • Wells Fargo (includes Wells Fargo Vendor Financial Services, Wells Fargo Equipment Finance and Wells Fargo Bank) (1,030)
  • CNH Industrial Capital America (346)

The top five accounted for 50.1% of the total, or 10,203 units. The top lender, Caterpillar Financial Services, accounted for a 15.1% share of the total.

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

  • Crossfire, LLC (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.


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

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

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