Top Five Construction Equipment Lenders Account for 77.0% of March 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 5,685 new construction equipment related filings during the month of March 2018.

The top five lenders, in units, included:

  • Caterpillar Financial Services (1,208)
  • John Deere Industrial Credit (1,086)
  • Wells Fargo (includes Wells Fargo Vendor Financial Services and Wells Fargo Equipment Finance) (944)
  • Kubota Credit (844)
  • Komatsu Financial (297)

The top five accounted for 77.0% of the total, or 4,379 units. The top lender, Caterpillar Financial Services, accounted for a 21.2% share of the total.

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

  • Alpha & Omega Contract Sales and Consulting (Texas/Magnum, Ditch-Witch/52)
  • Flying V Rentals (Texas/Genie/40)
  • Romco Equipment (Texas/Atlas-Copco, Volvo, K-Tex/37)
  • Troy Construction (Texas/Komatsu, Cat/36)
  • Alewelt Concrete (Iowa/Deere/32)

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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