Top Five Lenders Account for 70.1% of New Equipment Filings in June
AUG 13, 2018 - 7:22 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 21,989 equipment related filings during the month of June 2018.
The top five lenders, in filings, included:
Kubota Credit (6,051)
John Deere Industrial Credit (4,750)
CNH Industrial Capital America (1,579)
Caterpillar Financial (1,577)
Wells Fargo (includes Vendor Financial Services and Financial Leasing) (1,458)
The top lenders accounted for 70.1% of the total, or 15,415 filings. The top lender, Kubota Credit, accounted for a 27.5% share of the total.
The top five equipment buyers (location/brands/filings) included:
We have already started to see news reports on the connection between the pandemic and climate-related issues. Satellite images show a marked fall in global nitrogen dioxide levels as the slowdown in non-essential travel and industrial activity has improved the... read more
Commercial lenders will face many new and unique challenges over the coming months as the full effects of the coronavirus pandemic are felt throughout the economy. For commercial customers, cash flow, liquidity and credit tightening dramatically across industries is the... read more