INDUSTRY FACT FILE By Bill Choi Delinquencies Inch Upward E LFA’S MONTHLY LEASING AND FINANCE INDEX FOR MAY 2016 showed overall new business volume was down 7% year-over-year from new business volume in May 2015. Month over month, new business volume was down 7% from April, while year to date, cumulative new business volume decreased 9% compared to 2015. In May, receivables over 30 days were 1.3%, an increase from the previous month and up from 1.09% in the same pe-riod in 2015. Charge-off s were 0.33%, up slightly from 0.31% the previous month. Credit approvals totaled 76.5% in May, down from 78.2% in April. Total headcount for equipment fi nance companies was up 4.3% year over year. Th e MLFI-25 measures monthly commercial equipment lease and loan activity as reported by 25 companies repre-senting a cross section of the $1 trillion equipment fi nance 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. n 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 $14.0 $13.1 12.0 10.0 8.0 $7.1 6.0 4.0 2.0 0.0 $9.6 $8.0 $7.4 New Business Volume $12.5 $9.2 $8.4 $6.9 $6.8 $6.2 $9.1 $9.7 $8.3 $7.3 $8.4 $6.9 $8.4 $7.7 $6.1 $6.0 $6.1 $8.1 $7.3 $6.8 MLFI Cumulative YTD Comparison (2015/2016): 2015*: $37.7 billion 2016*: $34.3 billion Percent change: -9.0% 05 .14 06 .14 07 .14 08 .14 09 .14 10 .14 11 .14 12 .14 01 .15 02 .15 03 .15 04 .15 05 .15 06 .15 07 .15 08 .15 09 .15 10 .15 11 .15 12 .15 01 .16 02 .16 03 .16 04 .16 05 .16 Aging of Receivables Over 30 Days Percentage 2.0% 1.8% 1.6% 1.4% 1.2% 1.0% 1.00% 0.8% 0.6% 0.4% 0.2% 0.0% 05 .14 06 .14 07 .14 08 .14 09 .14 10 .14 11 .14 12 .14 01 .15 02 .15 03 .15 04 .15 05 .15 06 .15 07 .15 08 .15 09 .15 10 .15 11 .15 12 .15 01 .16 02 .16 03 .16 04 .16 05 .16 0.92% 0.98% 1.26% 0.97% 1.21% 1.02% 0.96% 1.18% 1.10% 1.15% 0.89% 1.09% 1.02% 1.01% 0.99% 1.10% 1.10% 1.10% 1.30% 1.00% 1.40% 1.20% 1.20% 1.30% 20 JULY/AUGUST/SEPTEMBER 2016 EQUIPMENT LEASING & FINANCE MAGAZINE *YTD NBV numbers will not match the numbers from the chart due to rounding