INDUSTRY FACT FILE By Bill Choi E 2017 Off to a Positive Start LFA’S MONTHLY LEASING AND FINANCE INDEX for January 2017 showed new business volume was up 3% year-over-year from new business volume in January 2016. Volume was down 49% month-to-month from December, following the typical end-of-quarter, end-of-year spike in new business activity. Receivables over 30 days were 1.70%, up from 1.40% the previous month and up from 1.30% in the same period in 2016. Charge-offs were 0.43%, up slightly from 0.42% the pre-vious month, and up from 0.26% in the year-earlier period. Credit approvals totaled 75.4% in January, down from 77.4% in December. Total headcount for equipment finance companies was up 18.3% year over year, a spike largely attrib-utable to acquisition activity at an MLFI reporting company. The 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 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 View the latest MLFI at 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 12.0 10.0 8.0 6.0 4.0 2.0 0.0 $6.8 $6.2 $9.7 $8.3 $7.3 New Business Volume $12.5 $10.0 $8.4 $6.9 $8.4 $7.7 $6.1 $6.0 $6.1 $8.1 $7.3 $6.8 $7.0 $9.4 $7.7 $8.2 $6.4 $6.2 $12.1 $9.1 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 06 .16 07 .16 08 .16 09 .16 10 .16 11 .16 12 .16 01 .17 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 .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 06 .16 07 .16 08 .16 09 .16 10 .16 11 .16 12 .16 01 .17 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% 1.40% 1.30% 1.30% 1.50% 1.70% 1.40% 1.40% 1.30% 14 MARCH/APRIL 2017 EQUIPMENT LEASING & FINANCE MAGAZINE