Top Five Lift Truck Lenders Account for 67.8% of September Total

Statistical data for the lift truck equipment market provided by EDA showed the top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 764 new lift truck related filings during the month of September 2017.

The top five lenders, in units, included:

  • Toyota Industries Commercial Finance (217)
  • Wells Fargo (140)
  • PNC Equipment Finance (63)
  • Nissan Motor Acceptance (49)
  • Wells Fargo Equipment Finance (48)

The top five accounted for 67.8% of the total, or 517 units. The top lender, Toyota, accounted for a 28.4% share of the total.

The top five lift truck buyers included:

  • Allen Distribution, Carlisle, PA
  • Shippers Warehouse, Dallas
  • Hall’s Warehouse, Plainfield, NJ
  • Source Logistics, Russellville, AR
  • Monterey Mushrooms, Watsonville, CA

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