Top Five Lenders Account for 50.7% of New Equipment Filings in August
OCT 12, 2018 - 7:23 am
Statistical data provided by EDA showed the top 20 lenders in an industry group encompassing agriculture, construction, lift trucks, logging equipment, machine tools, office equipment, printing, trucking and woodworking, in the aggregate, filed financing statements covering a total of 28,863 equipment related filings during the month of August 2018.
The top five lenders, in filings, included:
Kubota Credit (5,803)
John Deere Industrial Credit (4,632)
Caterpillar Financial (1,538)
Wells Fargo (includes Vendor Financial Services and Financial Leasing) (1,403)
The top lenders accounted for 50.7% of the total, or 28,863 filings. The top lender, Kubota Credit, accounted for a 20.1% share of the total.
The top five equipment buyers (location/brands/filings) included:
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