Equipment Leasing and Finance Volume Up 3% in March
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed that the overall new business volume for March was $7 billion, up 3% from a year ago. Month-over-month, new business volume was up 30% from February. Year to date, cumulative new business volume increased 6% compared to 2013.
The MLFI-25 index reports economic activity from 25 companies representing a cross section of the $827-billion equipment finance sector, Receivables over 30 days increased to 2.1% from 1.8% the previous month, and were up slightly from 2.0% during the same period in 2013.