Top Five Construction Equipment Lenders Account for 78.3% of June 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 7,035 new construction equipment related filings during the month of June 2018.

The top five lenders, in units, included:

  • Caterpillar Financial Services (1,577)
  • Wells Fargo (includes Wells Fargo Vendor Financial Services, Wells Fargo Equipment Finance and Wells Fargo Bank) (1,327)
  • John Deere Industrial Credit (1,089)
  • Kubota Credit (1,082)
  • CNH Industrial Capital America (431)

The top five accounted for 78.3% of the total, or 5,506 units. The top lender, Caterpillar Financial Services, accounted for a 22.4% share of the total.

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

  • Snow Systems (Illinois/Case/67)
  • Precision Pipeline (Wisconsin/Caterpillar/50)
  • Jr. Davis Construction (Florida/Caterpillar/34)
  • Michels Corp. (Wisconsin/Komatsu, Case/28)
  • Beck Building Services (Georgia/Tomcat/27)

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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