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:
In the early 20th century, a self-contained business philosophy — epitomized by Henry Ford’s development of the River Rouge Complex — was common practice. But as the years passed, business leaders began to realize the importance of being open to... read more
Innovative consumer buying experiences are driving heightened expectations for the B2B world. According to a 2019 survey of 8,000 business buyers worldwide, “84% of customers say the experience a company provides is as important as its products and services —... read more