Top Five Construction Equipment Lenders Account for 73% of Sept Total
OCT 31, 2017 - 6:50 am
Statistical data for the construction equipment market provided by EDA showed the top 20 lenders in the segment, in the aggregate, filed financing statements covering of total of 4,183 new construction equipment related filings that were completed during the month of September 2017.
The top five lenders, in units, included:
Caterpillar Financial (961)
Kubota Credit Corp USA (648)
Wells Fargo Vendor Financial Services (634)
John Deere Industrial Credit (607)
CNH Industrial Capital America (204)
The top five accounted for 73% of the total, or 3,054 units. The top lender, Caterpillar Financial Services, accounted for a 23% share of the total.
The top five construction equipment buyers (location/brands/units) included:
Piscataqua Landscape & Tree Service (Maine/Bobcat/26)
ARB Construction (California/CAT, Vermeer, Deere, JLG & Hitachi/26)
Ames Construction (Minnesota/CAT, John Deere, Ditch-Witch/25)
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