Data

More Than 50% of Lenders Identify Presidential Election as Most Concerning Macroeconomic Headwind

Results from Phoenix Management’s Q1/24 “Lending Climate in America” survey highlighted concerns about the outcome of the upcoming presidential election and increased uncertainty surrounding the retail and construction industries. read more

Used Class 8 Truck Price Growth Expectations Pushed Further Out

According to ACT Research, the used Class 8 average retail sale price improved 4.4% month over month to $62,100 in February. However, retail prices were down 14% year over year and Steve Tam, vice president at ACT Research, said ACT is "pushing expectations for the return to sustained month-over-month growth further out." read more

M&A Professionals Report Economic Optimism and Expect Increases in Deal Volume

A new survey from Grant Thornton showed that mergers and acquisitions professionals are highly optimistic about the state of dealmaking. The survey, which polled 238 M&A professionals, found that 81% of respondents expect deal volume to increase or significantly increase over the next six months. read more

New Business Volume for Equipment Finance Industry Up 4% Y/Y, Down 15% M/M in February

The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index showed that the equipment finance industry recorded $7.9 billion in overall new business volume in February, up 4% year over year from new business volume in February 2023. However, volume was down 15% from $9.3 billion in January. read more

CFOs Express Greater Optimism About North American Economy in Q1/24

According to Deloitte’s quarterly CFO Signals survey, in North America, 59% of CFOs expressed optimism for the current economy in Q1/24, up from the 47% tracked in Q4/23. read more

Confidence in Equipment Finance Market Increases in March

Overall, confidence in the equipment finance market increased for the third consecutive month to 55.2 in March, up from the February index of 51.7, and the highest level since April 2022, according to the Equipment Leasing & Finance Foundation’s March 2024 Monthly Confidence Index. read more

Insolvencies Rise Amid Mounting Financial Stress on Canadian Businesses

Many Canadian businesses are facing an uphill battle, as evidenced by a 41.4% surge in business insolvencies in 2023 when compared to 2022, according to the latest data from Equifax Canada’s Market Pulse Quarterly Business Credit Trends Report. read more

ELFA’s ‘What’s Hot/What’s Not’ Report Forecasts Construction & Machine Tools as Leading Equipment Markets

According to the Equipment Leasing and Finance Association's “What’s Hot/What’s Not” report, which reveals industry perceptions of 15 equipment markets based on a survey of ELFA members, construction, machine tools, medical, technology and marine/intercoastal are the leading sectors for the year ahead, based on portfolio preference. read more

Economic Activity in Services Sector Expands for 14th Consecutive Month

Economic activity in the services sector expanded in February for the 14th consecutive month as the Services PMI registered 52.6%, according to the Institute for Supply Management. The sector has grown in 44 of the last 45 months, with the lone contraction in December 2022. read more

Economic Activity in Hospital Subsector Grew for Sixth Consecutive Month in February

Economic activity in the hospital subsector grew in February for the sixth consecutive month after contracting twice in the previous four-month period, with 35 consecutive months of growth prior to that, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

Factory-New Equipment Influx Continues as Late-Model Assets Accumulate

Last month, Sandhills Global noted an influx of factory-new equipment, trucks and trailers in the market, while late-model assets were increasingly accumulating on dealers’ lots. In its newest market reports, which now include a report dedicated to the U.S. used planter market, Sandhills observed a continuation of this trend.  read more

Operating Expenses Take a Bigger Share of U.S. Corporate Revenues in Q4/23

The median ratio of operating expenses compared to total revenues for companies rated BBB- or higher rose to 83.7% in the fourth quarter of 2023 from 82.2% in the third quarter, according to the latest data from S&P Global Market Intelligence. read more

Businesses Owned by Women Increased Revenues by 15.5% in 2023

According to Biz2Credit’s Women-Owned Business Study, earnings for small businesses owned by women remained steady in 2023 while average annual revenue for businesses owned by women increased 15.5%. read more

Global Leasing Industry Growth to Decrease to 2.9% in 2024

According to Solifi's 2024 Global Leasing Report, global growth in the leasing industry is forecast to decrease to 2.9% in 2024, which is below the historical average of 3.8%. read more

Less Than 20% of Equipment Finance Firms are Leveraging Emerging Technologies

According to a new survey of more than 734 secured finance executives from Secured Research and Data Solutions, a Monitor/ABF Journal joint venture, less than 20% of equipment finance leaders and less than 25% of asset-based lending leaders see their firms leveraging emerging technologies. read more

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