Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

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The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index showed its overall new business volume for March was $10.6 billion, up 14% year-over-year from new business volume in March 2021. Volume was up 49% month-to-month from $7.1 billion in February. Year-to-date, cumulative new business volume was up 5% compared to 2021. Receivables over 30 days were 1.5%, down from 1.7% the previous month and down from 1.9% in the same period in 2021. Charge-offs were 0.10%, up from 0.09% the previous month and down from 0.43% in the year-earlier period. Credit approvals totaled 78.3%, up from 78.2% in … Read more

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ELFA Reveals Top 10 Equipment Acquisition Trends for 2016

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WASHINGTON, D.C. — The Equipment Leasing and Finance Association, which represents the $1-trillion equipment finance sector, recently released its Top 10 Equipment Acquisition Trends for 2016. Given U.S. businesses, nonprofits and government agencies will spend over $1.6 trillion in capital goods or fixed business investment (including software) this year, financing a majority of those assets, these trends impact a significant portion of the U.S. economy. Businesses will find opportunities for equipment investment as solid market conditions and an improving U.S. economy prevail over global headwinds and potential policy changes. ELFA forecasts the following Top 10 Equipment Acquisition Trends for 2016: … Read more

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