|
ELA recently released the results of the Monthly Leasing Index (MLI) for May 2005. The key metrics highlighted in the May MLI indicate a very slight downturn for the month.
New business volume decreased from April's $4.7 billion to $4.04 billion in May. Delinquencies (net of unearned income billed but not yet received) remained virtually unchanged in May. Credit approval ratios also decreased very slightly to 76.0% over April's 76.3%. Average charge-offs increased, coming in at 0.42% from April's 0.36%. The total number of employees also decreased very slightly, dropping 0.2% in May to 9,243 compared to 9,259 in April.
Because the same companies participate in the study each month, the MLI provides a fairly reliable and consistent trend analysis of current industry activity. Results of each MLI are posted on the ELA website and Equipment Leasing Today magazine.
This MLI is conducted monthly by the ELA, which provides a variety of studies, reports, and market analyses covering the $220 billion equipment leasing and finance industry. To access this and other industry information, visit the ELA website at http://www.elaonline.com/IndustryData
or call Dean Frutiger at (703) 516-8380.
|
Participants in the May 2005
Monthly Leasing Index:
- ADP Credit Corporation
- Amsouth Leasing Corporation
- Bank of America
- Caterpillar Financial Services Corporation
- CIT
- De Lage Landen Financial Services
- First American Equipment Finance
- GreatAmerica Leasing
- Hitachi Credit America Corp.
- HP Financial Services
- John Deere Credit Corporation
- Key Equipment Finance
- LaSalle National Leasing Corporation
- Marlin Leasing Corporation
- RBS Asset Finance
- Siemens Financial Services
- U.S. Bancorp Leasing & Financial
- Verizon Capital Corporation
- Wells Fargo Equipment Finance
|