Top Five Lift Truck Lenders Account for 84.2% of December 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 746 new lift truck related filings during the month of December 2017.

The top five lenders, in units, included:

  • Wells Fargo (incudes Wells Fargo Bank and Wells Fargo Equipment Finance) (187)
  • Toyota Industries Commercial Finance (160)
  • DLL (133)
  • MB (includes MB Equipment Finance and MB Financial Bank) (86)
  • Bank of America (includes Banc of America Leasing) (62)

The top five accounted for 84.2% of the total, or 7628 units. The top lender, Wells Fargo, accounted for a 25.1% share of the total.

The top five lift truck buyers (location/brands/units) included:

  • LGSI Equipment of Indiana (Michigan/Hyster, UniCarriers/65)
  • Ganahl Lumber (California/Linde, Big-Joe, Combilift, Toyota/39)
  • Arconic (Pennsylvania/Yale, Hyster, Taylor/27)
  • NTN Bearing (Illinois/Mitsubishi/25)
  • United Facilities (Illinois/UniCarriers/20)

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