CFLA Survey: 54% of Equipment Finance Companies Expect NBV to Increase in 2023

The Canadian Finance and Leasing Association (CFLA) released the results of its Q1/23 and Q2/23 Industry Business Confidence Survey. Individual sentiment on most responses improved from the previous Q3/22 and Q4/23 survey, though sentiment is still lower than the historical average.

Survey Highlights:

  • 24% of respondents indicated pessimism about their company’s prospects compared to 28.5% from the previous survey in Q3/22 and Q4/22
  • 70% of respondents expect overall margins to increase or stay the same compared to 40% in the previous survey
  • 54% of respondents expect new business volumes to increase compared to 48% in the previous survey

“I’m pleased to see more optimism in the market amidst predictions of a looming recession,” Michael Rothe, president and CEO of the CFLA, said. “I know we still have some difficult economic headwinds coming our way, but I’m confident our industry will continue innovating and working hard to help Canadian businesses prosper.”

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.