New business volume grew 12.4% in the equipment finance industry in 2015, according to the 2016 Survey of Equipment Finance Activity (SEFA) released today by the Equipment Leasing and Finance Association (ELFA).
The rise in new business volume marked the sixth consecutive year that businesses increased their spending on capital equipment. The SEFA report covers key statistical, financial and operations survey of 116 ELFA member companies.
ELFA also released a companion report to the 2016 SEFA called the 2016 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 just 0.4% in 2015.
“The equipment finance industry saw positive growth overall in 2015, as reported in the 2016 Survey of Equipment Finance Activity,” said Ralph Petta, ELFA president and CEO. “More recent data collected in the first two quarters of 2016 suggests the equipment finance industry is entering a period of slower growth as business confidence and global markets appear increasingly volatile. We are pleased to make this data available to provide comprehensive performance metrics for equipment leasing and finance companies.”
Key findings for 2015 as reported in the 2016 SEFA include:
PricewaterhouseCoopers administered the 2016 SEFA. The results were compiled from surveys sent to 375 eligible ELFA member companies in Q1/16. A total of 116 companies submitted 2015 U.S. domestic lease and loan data.
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