Monthly Leasing Index
August 2005
- Total New Business Volume
- Aging of Receivables
- Average Losses
- Credit Approval Ratios
- Total Number of Employees
Please Note:
ELA's name, address, web site and contact info have all changed since the information below was originally published. For additional information on this and other ELFA research materials, please contact Bill Choi at bchoi@elfaonline.org or 202.238.3413.|
ELA recently released the results of the Monthly Leasing Index (MLI) for August 2005. The key metrics highlighted in the August MLI indicate a continued slight downturn for the third quarter. In August, new business volume decreased from July's $4.34 billion to $4.28 billion, representing a 1.4% decrease. Delinquencies (net of unearned income billed but not yet received) rose 0.25% in August to 97.95%. Although small, this reverses a trend over the last five months where delinquencies of 30 days or less have steadily declined from March's high of 98.46%. Credit approval ratios decreased very slightly to 81.7% over July's 81.9%. Average charge-offs, however, increased, coming in at 0.43%, up from July's 0.35%. The total number of employees also decreased very slightly, dropping 2.8% in July to 8,939 compared to 9,201 in July. This is the third straight month that saw total FTEs drop and the first time since February that total FTEs fell below 9,000. This may reflect the slight downturn in new business volume. 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 August 2005 Monthly Leasing Index:
|
Total New Business Volume
Aging of Receivables
| 2005 | ||||||||
| Jan. | Feb. | Mar. | Apr. | May | June | July | August | |
| Less than 30 days | 98.11% | 97.95% | 98.46% | 98.00% | 98.10% | 98.00% | 97.70% | 97.95% |
| 31-60 days | 0.96% | 1.03% | 0.64% | 0.80% | 0.80% | 0.80% | 0.90% | 0.81% |
| 61-90 days | 0.28% | 0.41% | 0.32% | 0.40% | 0.30% | 0.30% | 0.40% | 0.36% |
| Over 90 days | 0.65% | 0.61% | 0.58% | 0.80% | 0.80% | 0.90% | 1.00% | 0.88% |
