The total number of financed new units for all construction equipment machine types increased 10 percent compared with March, rising from 7,601 in March to 8,476 in April, according to Equipment Data Associates, which tracks financed equipment activity.
Year to date through April, new equipment financed sales increased by almost 12 percent, compared with the same period last year.
On the used equipment side, the total number of machines financed decreased by 1 percent compared with March, declining from 7,705 units in March to 7,629 units in April. And year to date through April, financed used equipment declined by almost 10 percent, compared with the same period in 2014.
Top financed models
In a trend that mirrors past reports; compact track loaders dominated models financed both in April and year to date. At the top of both April and year to date reports is, again, the Cat 259D compact track loader; 85 of these machines were financed in April, with 498 units financed year to date. (Compact equipment, because of its relatively low purchase price, tends to dominate the top financed model list, which is based on the number of units sold.)
Year-to-date top financed models*
Looking at top models another way, here are the top machines year to date in each of seven major machine categories:
Top financed models by machine type*
Texas remains the dominant state in the number of financed buyers. There were 2,073 buyers in Texas year-to-date through April, and the state had 617 buyers in April. California is a distant second; the number of buyers there numbered 1,001 year to date. Here’s the breakdown:
Manufacturer market share
Year-to-date through April, Caterpillar had 27 percent of the financed market share reported, with 6,688 units sold. In April, Cat sold 1,096 financed units. John Deere came in second with 18 percent market share and 4,321 units financed year to date.
Year-to-date financed sales by brand*