INDUSTRY FACT FILE By Bill Choi March Volume Up 25% Year-Over-Year E LFA’S MONTHLY LEASING AND FINANCE INDEX FOR MARCH 2015 showed overall new business volume up 25% from new business volume in March 2014. Volume was up 46% from February, and year to date, cumulative new business volume increased 17% compared to 2014. Receivables over 30 days were 1.2%, up from 1.1% the previous month and from 1.0% the same period in 2014. Charge-off s were at an all-time low of 0.2% for the 13th con-secutive month. Credit approvals totaled 78.7% in March, up from 78.1% in February. Total headcount for equipment fi nance compa-nies was up 3.9% 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. 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 $13.0 12.0 11.0 10.0 9.0 8.0 7.0 $6.8 6.0 5.0 4.0 3.0 2.0 1.0 0.0 $7.5 $7.5 $8.7 $7.3 $6.4 $7.8 $7.6 New Business Volume $12.9 $10.7 $9.1 $8.1 $6.6 $7.1 $6.0 $5.4 $7.0 $7.9 $7.2 $9.4 $8.3 $6.8 $6.7 $6.1 $8.9 MLFI Cumulative YTD Comparison (2014/2015): 2014: $18.5 billion 2015: $21.7 billion Percent change: 17.3% 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 02 .15 03 .15 Aging of Receivables Over 30 Days Percentage 2.0% 1.8% 1.6% 1.4% 1.2% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% 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 02 .15 03 .15 1.1% 1.1% 1.3% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.2% 1.0% 1.0% 1.1% 1.1% 1.2% 0.9% 0.9% 0.9% 0.9% 0.9% 16 MAY/JUNE 2015 EQUIPMENT LEASING & FINANCE MAGAZINE