Top Five Construction Equipment Lenders Account for 74.6% of Nov 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 5,954 new construction equipment related filings during the month of November 2017.

The top five lenders, in units, included:

  • Caterpillar Financial (1,184)
  • Wells Fargo Vendor Financial Services (1,064)
  • John Deere Industrial Credit (1,014)
  • Kubota Credit Corp USA (885)
  • CNH Industrial Capital America (295)

The top five accounted for 74.6% of the total, or 4,442 units. The top lender, Caterpillar Financial Services, accounted for a 19.9% share of the total.

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

  • Precision Rental (Arizona/Skyjack, Genie, JLG /100)
  • Interstate Cleaning (Missouri/Tennant, Nobles, Minuteman/46)
  • Foreman Electric Service (Texas/Altec, Lift-All, Terex/45)
  • Ripa Equipment (Florida/Volvo, Cat, BOMAG, Takeuchi, Deere/33)
  • Energy Lease Service (Texas/Allmand/32)


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