Top Five Logging Equipment Lenders Account for 65.2% of May Total
JUL 9, 2018 - 7:07 am
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)
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)
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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