Monthly Equipment Leasing Activity Down 10 Percent in February

New leasing volume for February was $5.4 billion, down 10 percent from January and up 15 percent from new business volume in February 2013, according to the Equipment Leasing and Finance Association’s (ELFA) monthly leasing index.  Year-to-date cumulative new business volume increased 8 percent compared to 2013.

Receivables over 30 days were unchanged from the previous month at 1.8 percent.  Delinquencies were down from 2.0 percent during the same period in 2013. Charge-offs were up slightly at 0.4 percent from the previous three months’ all-time low of 0.3 percent.

Credit approvals totaled 75.3 percent in February, a decrease from 76.9 percent the previous month.  Fifty-three percent of participating organizations reported submitting more transactions for approval during February, a decrease from 54 percent during January.

For more information, visit www.elfaonline.org

More News:

All news »

What are your comments?

You cannot post comments until you have logged in. Login Here.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments