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Equipment Leasing ELFA MFLI-25 Shows April Jump

(Leasing News Chart, in the “quarter” charts the average is on top
and the total of the three months on the bottom.)
 

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), reported new business volume increased by 34 percent, from $3.2 billion to $4.3 billion. It declined 9% from the previous year, and the first quarter over


(Click chart to view larger - ELFA Chart)
 

Talk about the leasing street is business is up with new inquiries and better credit making the inquiries. Out of the marketplace for the last year and a half have been the better credits, perhaps waiting,using their reserves, but the change is for the better.
 


(Click chart to view larger - ELFA Chart)

 


David Schaefer, President, Orion First Financial

“We are seeing delinquencies begin to stabilize and losses have been improving over the past six months," David Schaefer, President, Orion First Financial, LLC, Gig Harbor, Washington, a back office company, said. "While the economy and leasing industry are both a long ways away from getting back to where they once were, it appears that business and consumer confidence is building.”
 


(Click chart to view larger - ELFA Chart)

 


Ralph Petta, ELFA Interim President
 

“Signs of lower credit losses are encouraging,” said Ralph Petta, ELFA interim President. “While the level of new business volume continues to reflect rather sluggish demand for equipment financing, we are nevertheless optimistic that the economy will continue to strengthen, providing a more favorable climate for businesses to invest in productive assets.”


 


(Click chart to view larger - ELFA Chart)

 

 


(Click chart to view larger - ELFA Chart)
 


 


(Click chart to view larger - ELFA Chart)
 


 


 

Copy of ZRG Group Newsletter:
http://leasingnews.org/PDF/March2010ZRGHiringindex.pdf


 

ELFA MLFI-25 Participants
 

ADP Credit Corporation
Bank of America
Bank of the West
Canon Financial Services
Caterpillar Financial Services Corporation
CIT
De Lage Landen Financial Services
Dell Financial Services
Fifth Third Bank
First American Equipment Finance
GreatAmerica
Hitachi Credit America
HP Financial Services
John Deere Credit Corporation
Key Equipment Finance
Marlin Leasing Corporation
National City Commercial Corp.
RBS Asset Finance
Regions Equipment Finance
Siemens Financial Services
Susquehanna Commercial Finance, Inc.
US Bancorp
Tygris Vendor Finance
Verizon Capital Corp
Volvo Financial Services
Wells Fargo Equipment Finance



Disclosure: no position