ELFA

The Equipment Leasing and Finance Association (ELFA), which represents the $1 trillion equipment finance sector, revealed its Top 10 Equipment Acquisition Trends for 2018. Given U.S. businesses, nonprofits and government agencies will spend more than $1.6 trillion in capital goods or fixed business investment (including software) this year, financing a majority of those assets, these trends impact a significant portion of the U.S.

New business volume grew 2.5 percent in the equipment finance industry in 2016, according to the 2017 Survey of Equipment Finance Activity (SEFA) released by the Equipment Leasing and Finance Association (ELFA). The rise in new business volume marked the seventh consecutive year that businesses increased their spending on capital equipment.

The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed overall new business volume for July was $7.9 billion, up 13 percent year-over-year from new business volume in July 2016.

The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for June was $9.8 billion, down 2 percent year-over-year from new business volume in June 2016.

The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25) (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for November was $6.4 billion, up 5 percent year-over-year from new business volume in November 2015.

Seventy-eight percent of respondents in a survey of businesses used at least one form of financing when acquiring equipment in FY 2015, according to the U.S. Equipment Finance Market Study: 2016-2017 released Oct. 24 by the Equipment Leasing & Finance Foundation.

The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for September was $9.4 billion, up 12 percent year-over-year from new business volume in September 2015.

The new rules for lease accounting approved by the Financial Accounting Standards Board (FASB) are scheduled to take effect for financial periods starting after Dec. 15, 2018 for public companies and after Dec. 15, 2019 for private companies, with a modified application for any other financial period presented.

The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for August was $7.7 billion, up 12 percent year-over-year from new business volume in August 2015.

The Equipment Leasing & Finance Foundation (the Foundation) has released the September 2016 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector.

The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for July was $7.0 billion, down 17 percent year-over-year from new business volume in July 2015.