INDUSTRY FACT FILE By Bill Choi Industry Volume Moderates E LFA’S MONTHLY LEASING AND FINANCE INDEX FOR NOVEMBER 2015 showed overall new business down 12% from new business volume in November 2014. Volume was up 21% from October 2015 and cumulative new business volume in-creased 1.3% compared to 2014. Receivables over 30 days were 1.1%, up from 1.0% the previous month and up from 1.0% in the same period in 2014. Charge-off s were 0.30%, up from 0.27% the previous month. Credit approvals totaled 79.0% in November, down slightly from 80.1% in October. Total headcount for equip-ment fi nance companies was up 4.7% 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. ■ 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 12.0 $11.0 10.0 8.0 6.0 4.0 2.0 0.0 $8.2 $7.5 $6.1 $5.5 $7.2 $7.1 $9.2 New Business Volume $13.1 $9.6 $8.0 $7.4 $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 MLFI Cumulative YTD Comparison (2014/2015): 2014*: $83.8 billion 2015: $84.9 billion Percent change: 1.3% 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 06 .15 07 .15 08 .15 09 .15 10 .15 11 .15 Aging of Receivables Over 30 Days Percentage 2.0% 1.8% 1.6% 1.4% 1.2% 1.0% 0.95% 1.00% 1.02% 0.8% 0.6% 0.4% 0.2% 0.0% 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 06 .15 07 .15 08 .15 09 .15 10 .15 11 .15 1.26% 1.07% 1.00% 0.96% 1.00% 0.98% 0.92% 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% 1.00% 14 JANUARY/FEBRUARY 2016 EQUIPMENT LEASING & FINANCE MAGAZINE