Top Five Construction Equipment Lenders Account for 74.5% of April Total


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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 6,245 new construction equipment related filings during the month of April 2018.

The top five lenders, in units, included:

  • Caterpillar Financial Services (1,389)
  • Wells Fargo (includes Wells Fargo Vendor Financial Services and Wells Fargo Equipment Finance) (1,063)
  • John Deere Industrial Credit (977)
  • Kubota Credit (927)
  • Komatsu Financial (299)

The top five accounted for 74.5% of the total, or 4,655 units. The top lender, Caterpillar Financial Services, accounted for a 22.2% share of the total.

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

  • Strike LLC (Texas/Caterpillar/41)
  • Michels Corp (Wisconsin/Deere/37)
  • Henkels & McCoy (Pennsylvania/Caterpillar/32)
  • Razor Specialties (Texas/Magnum/28)
  • Pumpco (Texas/Caterpillar/26)

The EDA IndustryInsight trend charts provide monthly statistical data on UCC financing activity in the U.S. for sale and lease transactions of equipment.

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Terry Mulreany
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tmulreany@monitordaily.com
Frank Battista
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fbattista@monitordaily.com

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