Top Five Construction Equipment Lenders Account for 75.9% of May 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 6,834 new construction equipment related filings during the month of May 2018.

The top five lenders, in units, included:

  • Caterpillar Financial Services (1,567)
  • Wells Fargo (includes Wells Fargo Vendor Financial Services and Wells Fargo Equipment Finance) (1,067)
  • Kubota Credit (1,063)
  • John Deere Industrial Credit (1,046)
  • Komatsu Financial (445)

The top five accounted for 75.9% of the total, or 5,188 units. The top lender, Caterpillar Financial Services, accounted for a 22.9% share of the total.

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

  • Henkels & McCoy National (Pennsylvania/Caterpillar, Freightliner, Altec, Versalift, Lay-Mor, Yanmar, INTL, Skylift, Atlas-Copco, Wacker, Wackerneuson, Ditch-Witch, Peterbilt/77)
  • Us Trinity Energy Services (Texas/Allmand, Caterpillar/34)
  • RPMx Construction (Texas/Caterpillar, Komatsu, Deere/27)
  • Gary Rabine & Sons (Illinois/Caterpillar, Wirtgen/26)
  • Michels Corp. (Wisconsin/Deere/24)

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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