Top Five Construction Equipment Lenders Account for 80.9% of Feb 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 6,507 new construction equipment related filings during the month of February 2018.

The top five lenders, in units, included:

  • Caterpillar Financial Services (1,588)
  • Kubota Credit (1,319)
  • John Deere Industrial Credit (1,129)
  • Wells Fargo (includes Wells Fargo Vendor Financial Services and Wells Fargo Equipment Finance) (863)
  • Komatsu Financial (363)

The top five accounted for 80.9% of the total, or 5,262 units. The top lender, Caterpillar Financial Services, accounted for a 24.4% share of the total.

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

  • Holt TX (Texas/CAT and Link-Belt/29)
  • American Facility Services (Georgia/Advance/19)
  • US Trinity Energy Service (Texas/Allmand, CAT/18)
  • Energy Lease Services (Texas/Allmand/16)
  • RJ Carroll Company (Texas/Bobcat/16)

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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