INDUSTRY FACT FILE By Bill Choi Industry Volume Up in 2015 E LFA’S MONTHLY LEASING AND FINANCE INDEX FOR MAY 2015 showed overall new business volume up 1% from new busi-ness volume in May 2014. Volume was down 13% from April, and year to date, cumulative new business volume increased 10% compared to 2014. Receivables over 30 days were 1.1%, up from 0.9% the previous month and from 1.0% the same period in 2014. Charge-offs remained at an all-time low of 0.2% for the 15th consecutive month. Credit approvals totaled 79.2% in May, up from 78.7% in April. Total headcount for equipment finance companies was up 4.7% year over year. The MLFI-25 measures monthly commercial equipment lease and loan activity as reported by 25 companies repre-senting 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 6.0 5.0 4.0 3.0 2.0 1.0 0.0 $7.5 $8.7 $7.3 $6.4 $7.8 $7.6 $6.6 $10.7 New Business Volume $12.9 $9.1 $8.1 $7.1 $6.0 $5.4 $7.0 $7.9 $7.2 $9.4 $8.3 $6.8 $6.7 $6.1 $8.9 $8.2 $7.1 MLFI Cumulative YTD Comparison (2014/2015): 2014: $33.6 billion 2015: $37.0 billion Percent change: 10.1% 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 04 .15 05 .15 Aging of Receivables Over 30 Days Percentage 2.0% 1.8% 1.6% 1.4% 1.2% 1.0% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% 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 04 .15 05 .15 0.9% 1.0% 1.0% 0.9% 0.9% 0.9% 1.0% 1.0% 1.1% 1.3% 1.0% 1.0% 1.0% 1.0% 1.0% 1.2% 1.0% 1.0% 1.1% 1.1% 1.2% 0.9% 1.1% 0.9% 20 JULY/AUGUST/SEPTEMBER 2015 EQUIPMENT LEASING & FINANCE MAGAZINE