INDUSTRY FACT FILE By Bill Choi E Q3 Ends on Positive Note LFA’S MONTHLY LEASING AND FINANCE INDEX FOR SEPTEMBER 2016 showed new business volume was up 12% year-over-year from new business volume in September 2015. Volume was up 22% month-to-month from August. Year to date, cumulative new business volume decreased 4% compared to 2015. Receivables over 30 days were 1.31%, relatively unchanged from the previous month and up from 1.10% in the same period in 2015. Charge-off s were 0.46%, up from 0.44% the previous month. Credit approvals totaled 76.6% in September, down slightly from 76.9% in August. Total headcount for equip-ment fi nance companies was up 3.8% 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. ■ 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 $13.1 12.0 10.0 8.0 6.0 4.0 2.0 0.0 $9.6 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 $8.4 $6.9 $6.8 $6.2 $9.1 $9.7 $8.3 $7.3 MLFI Cumulative YTD Comparison (2015/2016): 2015*: $71.1 billion 2016*: $68.5 billion Percent change: -3.7% 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 06 .16 07 .16 08 .16 09 .16 Aging of Receivables Over 30 Days Percentage 2.0% 1.8% 1.6% 1.4% 1.2% 1.0% 0.97% 0.8% 0.6% 0.4% 0.2% 0.0% 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 06 .16 07 .16 08 .16 09 .16 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% 1.40% 1.30% 1.30% 1.31% 12 NOVEMBER/DECEMBER 2016 EQUIPMENT LEASING & FINANCE MAGAZINE *YTD NBV numbers will not match the numbers from the chart due to rounding