Top Five Construction Equipment Lenders Account for 76.6% of Dec Total

Update: The original post has been edited to reflect the consolidated filings of Wells Fargo Vendor Financial Services and Wells Fargo Equipment Finance into one unit (Wells Fargo). 

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 4,642 new construction equipment related filings during the month of December 2017.

The top five lenders, in units, included:

  • Wells Fargo (960)
  • Caterpillar Financial Services (952)
  • John Deere Industrial Credit (831)
  • Kubota Credit (690)
  • CNH Industrial Capital America (240)

The top five accounted for 76.6% of the total, or 3,554 units. The top lender, Wells Fargo, accounted for a 20.7% share of the total. Wells Fargo’s filings were split between Wells Fargo Vendor Financial Services (841) and Wells Fargo Equipment Finance (119).

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

  • Blizzard Transportation (Illinois/Deere/40)
  • Deness Leasing (Illinois/Case/23)
  • Snow System (Illinois/Deere/20)
  • OSC Equipment Service (New York/Atlas Copco, Link Belt, Haulotte/22)
  • Wright Tree Service (Iowa/Altec, Terex/20)

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