Top Five Lenders Account for 67% of New Equipment Filings in October

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 16,373 new equipment related filings during the month of October 2018.

The top five lenders, in filings, included:

  • Kubota Credit (4,312)
  • John Deere Industrial Credit (2,953)
  • Wells Fargo (includes Vendor Financial Services) (1,380)
  • Xerox Financial Services (1,150)
  • Caterpillar Financial (1,005)

The top lenders accounted for 56.7% of the total, or 28,875 new filings. The top lender, Kubota Credit, accounted for a 14.9% share of the total.

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

  • Seattle School District (Seattle/Xerox/474)
  • Richland County School District (Columbia, SC/Sharp/161)
  • Illinois Central School Bus (Joliet, IL/Xerox/103)
  • Purvis Industrial (Waco, TX/HP/87)
  • Seattle Pacific University (Seattle/Sharp/83)

The EDA IndustryInsight trend charts provide monthly statistical data on UCC financing activity in the U.S. for sale and lease transactions of new equipment only.

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