Top Five Logging Equipment Lenders Account for 65.2% of May Total

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Statistical data for the logging equipment market provided by EDA showed the top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 276 logging equipment related filings during the month of May 2018.

The top five lenders, in filings, included:

  • John Deere Industrial Credit (55)
  • DLL (55)
  • Caterpillar Financial Services (33)
  • Wells Fargo Vendor Financial Services (21)
  • Wood Mizer (16)

The top five accounted for 65.2% of the total, or 180 filings. The top lender, John Deere Industrial Credit, accounted for a 19.9% share of the total.

The top five logging equipment buyers (location/brands/filings) included:

  • Davey Tree Expert Company (Ohio/Altec/7)
  • West Coast Aggregate Supply (California/Vermeer/5)
  • Lewis Tree Service (New York/Morbark/5)
  • JAFLO (Pennsylvania/Altec/3)
  • B.R. Ellis Timber (North Carolina/CSI, Deere/3)

The EDA IndustryInsight trend charts provide monthly statistical data on UCC financing activity in the U.S. for sale and lease transactions of equipment.

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Terry Mulreany
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Susie Angelucci
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