Posted June 8, 2018

April 2018 equipment finance statistics

Five construction equipment lenders account for 74.5 percent of April total.

Statistical data for the construction equipment market provided by EDA showed the top 20 lenders in the segment, in the aggregate, completed a total of 6,245 new construction equipment related filings during the month of April 2018.

The top five lenders, in units, included:

  • Caterpillar Financial Services (1,389)
  • Wells Fargo (includes Wells Fargo Vendor Financial Services and Wells Fargo Equipment Finance) (1,063)
  • John Deere Industrial Credit (977)
  • Kubota Credit (927)
  • Komatsu Financial (299)

The top five accounted for 74.5% of the total, or 4,655 units. The top lender, Caterpillar Financial Services, accounted for a 22.2% share of the total.

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

  • Strike LLC (Texas/Caterpillar/41)
  • Michels Corp (Wisconsin/Deere/37)
  • Henkels & McCoy (Pennsylvania/Caterpillar/32)
  • Razor Specialties (Texas/Magnum/28)
  • Pumpco (Texas/Caterpillar/26)

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

Source: Monitor Daily