Our Sites

December new business volume down 1 percent year-over-year, up 59 percent month-to-month

The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed the overall new business volume for December was $12.7 billion, down 1 percent year-over-year from new business volume in December 2017. Volume was up 59 percent month-to-month from $8 billion in November in a typical end-of-year spike. Cumulative new business volume for 2018 was up 4 percent from 2017.

Receivables over 30 days were 1.70 percent, up from 1.60 the previous month and up from 1.50 percent the same period in 2017. Charge-offs were 0.55 percent, up from 0.37 percent the previous month and up from 0.48 in the year-earlier period.

Credit approvals totaled 77.9 percent in December, up from 77.2 percent in November. Total head count for equipment finance companies was up 0.1 percent year-over-year.

Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in January is 53.4, down from the December index of 55.5.