Equipment leasing on the rise, survey reports

The Equipment Leasing and Finance Association’s (ELFA) 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, show overall new business volume for June was $9.1 billion, down 7 percent year-over-year from June 2017, but up 18 percent month-to-month from $7.7 billion in May. Year to date, cumulative new business volume was up 4 percent compared to 2017.

Receivables over 30 days were 1.40 percent, down from 1.60 percent the previous month and up from 1.30 percent the same period in 2017. Charge-offs were 0.33 percent, up from 0.31 percent the previous month and down from 0.38 percent in the year-earlier period.

Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in July is 62.8, easing from the June index of 66.2.