New business volume grew 6.9% in the equipment finance industry in 2017, according to the 2018 Survey of Equipment Finance Activity (SEFA) from the Equipment Leasing and Finance Association. The rise in new business volume marked the eighth consecutive year that businesses increased their spending on capital equipment.
ELFA also released a companion report to the 2018 SEFA called the 2018 Small-Ticket Survey of Equipment Finance Activity. The report, which focuses on small-ticket and micro-ticket equipment transactions among the SEFA respondents, found that new business volume in the small-ticket space grew by 3.6% in 2017.
ELFA President and CEO Ralph Petta said, “The equipment finance industry continues to grow and prosper, as evidenced by this latest edition of ELFA’s Survey of Equipment Finance Activity. The association Board and staff are grateful to ELFA member respondents, without whom this leading industry data source would not be possible.”
Key findings for 2017 as reported in the 2018 SEFA include:
PricewaterhouseCoopers administered the 2018 SEFA. The results were compiled from surveys sent to 375 eligible ELFA member companies in Q1/18. A total of 114 companies submitted 2017 U.S. domestic lease and loan data.
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