Leasing and financing volumes are expected to increase in 2025, marking a shift to a more positive outlook, according to the “What’s Hot/What’s Not” equipment market forecast released by the Equipment Leasing and Finance Association (ELFA). Led by Carl Chrappa of The Alta Group, the annual report, now in its 35th year, is based on insights from over 400 industry experts and highlights key trends across 15 equipment market categories.

“The big headline is that we have moved from the negative outlook observed over the last two years into a positive outlook for equipment leasing and financing in this survey,” Chrappa said. “This is a turnaround.”

Chrappa has five decades of hands-on equipment valuation, inspection and remarketing experience, and has built a reputation as an internationally recognized expert and speaker in the field of asset management. He is a founding member and chair emeritus of the ELFA’s Equipment Management Committee. He is also a member of the Federal Reserve Bank of Philadelphia’s “Livingston Report” Macroeconomic Survey panel.

The Truck/Trailer category saw the biggest rebound, recovering from a steep decline in 2024, while Oil/Gas/Energy equipment also showed significant improvement. Rail and Containers experienced moderate declines in preference.

A widely requested report in the ELFA Knowledge Hub, “What’s Hot/What’s Not” provides analysis on market conditions, valuation trends, technology, regulations, and residual challenges impacting the industry.