INDUSTRY FACT FILE By Bill Choi 2015 Off to a Strong Start E LFA’S MONTHLY LEASING AND FINANCE INDEX FOR JANUARY 2015 showed overall new business volume up 12% from new business volume in January 2014. Volume was down 48% from December, following the typical end-of-quarter, end-of-year spike in new business activity. Receivables over 30 days were 1.1%, up slightly from 1% the previous month and from 1% the same period in 2014. Charge-off s were unchanged for the 10th consecutive month at an all-time low of 0.2%. Credit approvals totaled 78.6% in January, unchanged from December. Total headcount for equipment finance companies was up 1% year over year. The MLFI-25 measures monthly commercial equip-ment lease and loan activity as reported by 25 companies representing a cross section of the $903 billion equipment finance sector, including small-ticket, middle-market, large-ticket, bank, captive and independent equipment leasing and fi nance companies. Based on hard survey data, the responses mirror the economic activity of the broader equipment fi nance sector and current business conditions nationally. ■ For more information and detailed analyses of the MLFI-25, go to www.elfaonline.org/data/MLFI. For more information, please contact Bill Choi , ELFA Vice President of Research & Industry Services, at bchoi@elfaonline.org. Billions of U.S. Dollars $13.0 12.0 11.0 10.0 9.0 8.0 7.0 6.0 $5.7 5.0 $4.7 4.0 3.0 2.0 1.0 0.0 $6.8 $7.5 $7.5 $8.7 $7.3 $6.4 New Business Volume $12.9 $10.7 $9.1 $7.8 $7.6 $6.6 $6.0 $5.4 $8.1 $7.1 $7.0 $7.9 $7.2 $9.4 $8.3 $6.8 $6.7 MLFI Cumulative YTD Comparison (2014/2015): 2014: $88.1 billion 2015: $95.2 billion Percent change: 11.7% 01 .13 02 .13 03 .13 04 .13 05 .13 06 .13 07 .13 08 .13 09 .13 10 .13 11 .13 12 .13 01 .14 02 .14 03 .14 04 .14 05 .14 06 .14 07 .14 08 .14 09 .14 10 .14 11 .14 12 .14 01 .15 Aging of Receivables Over 30 Days Percentage 2.0% 1.8% 1.6% 1.4% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% 01 .13 02 .13 03 .13 04 .13 05 .13 06 .13 07 .13 08 .13 09 .13 10 .13 11 .13 12 .13 01 .14 02 .14 03 .14 04 .14 05 .14 06 .14 07 .14 08 .14 09 .14 10 .14 11 .14 12 .14 01 .15 1.3% 1.2% 1.2% 1.1% 1.0% 0.9% 1.0% 1.0% 0.9% 0.9% 0.9% 1.0% 1.0% 1.1% 1.0% 1.0% 1.0% 0.9% 1.0% 1.0% 1.3% 1.2% 1.0% 1.0% 1.1% 14 ."3$) "13*-2015 EQUIPMENT LEASING & FINANCE MAGAZINE