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
MAR 28, 2024 - 6:37 am
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
MAR 28, 2024 - 6:35 am
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
MAR 26, 2024 - 6:44 am
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
MAR 25, 2024 - 6:23 am
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
MAR 25, 2024 - 6:20 am
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
MAR 21, 2024 - 6:23 am
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
MAR 19, 2024 - 6:40 am
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
MAR 12, 2024 - 6:50 am
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
MAR 11, 2024 - 6:31 am
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
MAR 8, 2024 - 6:46 am
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
MAR 7, 2024 - 7:04 am
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
MAR 7, 2024 - 7:04 am
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
MAR 7, 2024 - 7:00 am
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
MAR 4, 2024 - 7:03 am
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
MAR 4, 2024 - 7:02 am