Data

ELFA: New Business Volume in Equipment Finance Rises 14% Y/Y in March

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, overall new business volume for March was $10.6 billion, up 14% year over year from March 2021. In addition, volume was up 49% month to month from $7.1 billion in February. read more

Equipment Finance Industry Confidence Dips Further in April

The Equipment Leasing & Finance Foundation released the April 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Confidence in the equipment finance market is 56.1, a decrease from the March index of 58.2. read more

ACT Research Report Shows Used Truck Retail Sales Still Rising

Preliminary used class eight retail volumes grew 23% month over month, but were 23% lower compared to March of 2021, according to ACT Research. read more

ELFF’s Q2/22 Snapshot Projects 2.8% Growth in U.S. Economy in 2022

According to the Q2/22 Equipment Leasing & Finance Industry Snapshot from the Equipment Leasing & Finance Foundation, the U.S. economy will grow by 2.8% in 2022, with growth driven by a gradually unraveling supply chain, business investment and continued consumer spending. read more

ELFF Forecasts 4.2% Equipment and Software Investment Growth in 2022

According to the Q2/22 update to the 2022 Equipment Leasing & Finance U.S. Economic Outlook from the Equipment Leasing & Finance Foundation, equipment and software investment is expected to grow by 4.2% and U.S. GDP is expected to grow by 2.8% in 2022. read more

Small Business Loan Approval Rates from Most Lenders Rise in March

Small business loan approval rates at big banks (more than $10 million in assets) rose from 14.7% in February to 14.9% in March, and approval rates at small banks (under $10 billion in assets) increased from 20.5% in February to 20.6% in March, according to Biz2Credit. read more

Equipment Finance Industry Performance During COVID-19 ‘Better Than Expected’

According to a new study from the Equipment Leasing & Finance Foundation, the equipment finance industry has performed considerably better than expected during the COVID-19 pandemic due to factors such as increased availability of capital. read more

KBRA: March Yields ‘Solid Credit Performance’ for Securitized Equipment Lease Pools

According to Kroll Bond Rating Agency’s March 2022 equipment loan and lease indices, March remittance reports showed solid credit performance across securitized equipment loan and lease pools during the month. read more

Private Companies Tackle Lease Accounting Challenges as Public Firms Still Struggle

According to LeaseAccelerator’s 2022 Global Lease Accounting Survey, which it conducted with Ernst & Young, many U.S. private companies are actively applying key lessons from U.S. public companies to optimize their current leasing processes. read more

IDC: Cloud Infrastructure Spending Increases 8.8% in 2021

According to International Data Corporation, spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, increased 8.8% year over year in 2021 to $73.9 billion. read more

ELFA: New Business Volume in Equipment Finance Falls 4% Y/Y in February

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for February was $7.1 billion, down 4% year over year from new business volume in February 2021. read more

Spending on AI to Grow 26% and Reach $120B by 2025

Spending on artificial intelligence in the United States will grow to $120 billion by 2025, representing a compound annual growth rate of 26% during the 2021 to 2025 forecast period, according to International Data Corporation. read more

Equipment Finance Industry Confidence Continues Recent Slide in March

According to the Equipment Leasing & Finance Foundation, overall confidence in the equipment finance market is 58.2 this month, easing from the February reading of 61.8. The ELFF’s confidence metric has now declined in four straight months. read more

Small Business Loan Approval Rates Continue to Rise in February

Small business loan approval rates at big banks (more than $10 billion in assets) rose from 14.5% in January to 14.7% in February, and approval rates at small banks (under $10 billion in assets) rose from 20.3% in January to 20.5% in February, according to Biz2Credit. read more

Inventory Levels Flatten in Heavy-Duty Truck and Farm Equipment Markets

According to a new global market report from Sandhills Global, inventory levels have flattened across Sandhills’ marketplaces, particularly in the heavy-duty truck and farm equipment markets. read more

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