Top Five Lift Truck Lenders Account for 72.2% of November Total
DEC 28, 2017 - 7:54 am
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 985 new lift truck related filings during the month of November 2017.
The top five lenders, in units, included:
Toyota Industries Commercial Finance (279)
Wells Fargo (160)
Citizens Asset Finance (88)
Banc of America Leasing (49)
The top five accounted for 72.2% of the total, or 709 units. The top lender, Toyota, accounted for a 28.3% share of the total.
The top five lift truck buyers included:
Goodyear Tire & Rubber, Akron, OH
Paragon Industries, Fresno, CA
Vanguard Packaging, Kansas City, MO
Jel Sert, West Chicago, IL
Metro Produce Distributors, Minneapolis
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