The Latest ELFA and Foundation Data

New Survey Reveals Industry Strength

According to the 2022 Survey of Equipment Finance Activity, new business volume grew by 7.4% in 2021 compared to 2020. The survey report is the most comprehensive source of statistical information available on the nearly $1 trillion equipment finance industry. View the executive summary or purchase the results if you did not participate at www.elfaonline.org/sefa.

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Spotlight On: Inflation and Industry Pay

Inflation is out of control! What will salary increases in the equipment finance industry look like in 2022? The average salary change from 2019 to 2021 was 5% for a senior sales representative, according to the 2021 ELFA SME Compensation Survey. Results varied based on the size and type of organization.

The 2022 ELFA SME Compensation Survey is in the field. We are collecting data from small & medium sized equipment finance organizations (below 500M in NBV). To participate and receive your free survey report, please contact Bill Choi at [email protected].

Seven Verticals Expanding

Investment in a number of key equipment verticals is on the rise. In July, seven verticals are expanding/thriving, two are peaking/slowing, two are weakening/struggling, and one is recovering/emerging. The best performing verticals this month are Mining & Oilfield, Ships & Boats and Railroad. Read the full report in the Foundation’s July Momentum Monitor: https://www.leasefoundation.org/industry-resources/momentum-monitor/.

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Industry Confidence Holds Steady

This is according to the Foundation’s Monthly Confidence Index for June. The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment finance sector. Overall, confidence in the equipment finance market was 50.9, steady with the May index of 49.6. See the latest index at https://www.leasefoundation.org/industry-resources/.

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