ELFA Equipment Leasing & Finance - July/August/September 2012 : Page 45

inDustRY Fact FiLE By Bill Choi new Business Volume continues to Rise Th e MLFI-25 reported that receivables over 30 days remained fl at compared to the previous month at 2.7% but showed improve-ment compared to the year-earlier period (2.9%). Charge-off s im-proved from the previous year, from 0.8% in May 2011 to 0.5% in May 2012. Credit approvals increased to 78%, up from 76% the prior month. Total headcount for equipment fi nance companies de-creased slightly from the previous month and was down about 3% compared to May 2011. Th e MLFI-25 measures monthly commercial equipment lease and loan activity as reported by participating ELFA member equipment fi nance companies representing a cross-section of the t hE ELFA MonThLY LEASinG And FinAncE indEX (MLFI-25) for May 2012 showed overall new business volume in-creased 11% when compared to the same period in 2011. When compared to the prior month, the MLFI-25 reported new business volume increased by 1.6%, from $6.1 billion to $6.2 billion. A total of 16% of MLFI participants reported a year-over-year decline in new business volume. equipment fi nance sector, including small-ticket, middle-market, large-ticket, bank, captive and independent 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/Research/MLFI/ . For more information, please contact Bill Choi , ELFA Vice President of Research & industry Services, at bchoi@elfaonline.org. new Business Volume Billions of U.S. dollars $12.0 11.0 10.0 9.0 8.0 7.0 6.0 4.0 $4.3 3.0 2.0 1.0 0.0 5.0 $5.5 $5.6 $4.3 $5.7 $4.9 $4.5 $4.2 $4.1 $6.2 $5.1 $5.6 $9.0 $7.3 $7.1 $6.0 $6.2 $5.1 $5.0 $6.8 $6.1 $6.2 $10.8 $6.7 $6.7 MLFi Cumulative ytD Comparison (2011/2012): 2011: $25.2 billion 2012: $29.2 billion percent change: 15.9% 05 . 10 06 . 10 07 . 10 08 . 10 09 . 10 10 . 10 11 . 10 12 . 10 01 . 11 02 . 11 03 . 11 04 . 11 05 . 11 06 . 11 07 . 11 08 . 11 09 . 11 10 . 11 11 . 11 12 .11 01 .12 02 .12 03 .12 04 .12 05 .12 aging of Receivables Over 30 Days Billions of U.S. dollars 6.0% 5.0% 4.0% 4.0% 3.0% 2.0% 1.0% 0.0% 3.3% 3.4% 4.3% 3.4% 2.9% 3.2% 2.7% 2.8% 3.5% 3.1% 3.3% 2.9% 2.5% 2.7% 2.5% 2.3% 2.2% 2.0% 2.1% 1.9% 2.5% 2.8% 2.7% 2.7% 05 . 10 06 . 10 07 . 10 08 . 10 09 . 10 10 . 10 11 . 10 12 . 10 01 . 11 02 . 11 03 . 11 04 . 11 05 . 11 06 . 11 07 . 11 08 . 11 09 . 11 10 . 11 11 . 11 12 . 11 01 . 12 02 . 12 03 . 12 04 . 12 05 . 12 22 JULY/AUGUST/SEPTEMBER 2012 EquipmEnt LEasing & FinancE magazinE

Industry Fact File

Bill Choi

New Business Volume Continues to Rise THE ELFA MONTHLY LEASING AND FINANCE INDEX (MLFI-25) for May 2012 showed overall new business volume increased 11% when compared to the same period in 2011. When compared to the prior month, the MLFI-25 reported new business volume increased by 1.6%, from $6.1 billion to $6.2 billion. A total of 16% of MLFI participants reported a year-over-year decline in new business volume. The MLFI-25 reported that receivables over 30 days remained flat compared to the previous month at 2.7% but showed improvement compared to the year-earlier period (2.9%). Charge-offs improved from the previous year, from 0.8% in May 2011 to 0.5% in May 2012. Credit approvals increased to 78%, up from 76% the prior month. Total headcount for equipment finance companies decreased slightly from the previous month and was down about 3% compared to May 2011. The MLFI-25 measures monthly commercial equipment lease and loan activity as reported by participating ELFA member equipment finance companies representing a cross-section of the equipment finance sector, including small-ticket, middle-market, large-ticket, bank, captive and independent leasing and finance companies. Based on hard survey data, the responses mirror the economic activity of the broader equipment finance sector and current business conditions nationally. For more information and detailed analyses of the MLFI-25, go to www.elfaonline.org/Research/MLFI/. --------------- For more information, please contact Bill Choi, ELFA Vice President of Research & Industry Services, at bchoi@elfaonline.org.

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