Top Five Construction Equipment Lenders Account for 73.8% of Oct Total



Statistical data for the construction equipment market provided by EDA showed the top 20 lenders in the segment, in the aggregate, completed a total of 5,672 new construction equipment related filings during the month of October 2017.

The top five lenders, in units, included:

  • Caterpillar Financial (1,244)
  • Wells Fargo Vendor Financial Services (921)
  • Kubota Credit Corp USA (851)
  • John Deere Industrial Credit (837)
  • CNH Industrial Capital America (335)

The top five accounted for 73.8% of the total, or 4,188 units. The top lender, Caterpillar Financial Services, accounted for a 21.9% share of the total. The top five construction equipment buyers (location/brands/units) included:

  • Leppo Rents (Ohio/Bobcat, Skytrak, JLG, Volvo/44)
  • Metro Airports Commission (Minnesota/CAT/32)
  • Quanta Service Management Partnership (Texas/CAT, John Deere/29)
  • Sierra Mountain Construction (California/WANCO/27)
  • Benton Machinery (California/WANCO/27)


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