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.

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Terry Mulreany
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