Top Five Lift Truck Lenders Account for 72.2% of November 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 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)
  • DLL (133)
  • 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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