Equipment Leasing and Finance Association - Equiping Business for Success

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Monthly Leasing and Finance Index 1st Quarter 2001

Jan 1, 2001, 18:57 PM
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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 its Performance Indicators Report (PIR) for the first quarter of 2001 (January - March).

The PIR tracks the performance of prominent leasing organizations in six key areas. Because the same companies were tracked and used in the analysis, the PIR provides fairly reliable trend analysis. Each illustration below reflects the data provided by those companies responding to that particular question. Typically, not every company polled responds to every question.

The total net portfolio has increased slightly of almost 6%. Annual volume continues to follow a typical growth pattern with higher volumes in the 4th quarter which is consistently higher due to end of year business activity and then back down to a lower 1st quarter volume figure. However, there was still a slight decrease in the overall new business volume from the 1st quarter 2000 of about 12%. Charge-offs followed a downward trend from the 1st quarter to the 4th quarter in 2000, but then rebounded back in the 1st quarter 2001 to post a small increase of 2.2% since 1st quarter 2000. The total number of employees has decreased by approximately 8% since 1st quarter 2000 which can be attributed to consolidations by some of the participants.. The delinquencies have remained stable with little fluctuation in the current receivables. Credit approval ratios have dropped about 5% since the 1st quarter 2000.

This study is conducted by ELA's Information & Research Services Department, which provides a variety of data, including customized market analyses, to ELA members and organizations involved in the $280 billion equipment leasing industry. To access this and other industry information, call ELA's Information & Research Services Department at (703) 527-0343.

Participants in the 1st Quarter 2001 PIR Report

  • ADP Credit Corporation
  • Caterpillar Financial Services
  • CIT
  • Computer Sales International
  • Dana Credit Corporation
  • De Lage Landen Financial Services
  • Farm Credit Leasing
  • Fleet Capital Leasing
  • Hitachi Credit America Corporation
  • John Deere Credit Corporation
  • Keycorp Leasing
  • Pitney Bowes Credit Corporation
  • The Finova Group
  • US Bancorp Leasing & Financial
  • Verizon Credit Corporation
  • Wells Fargo Equipment Finance

Total Net Portfolio

pir1q01-totalnet

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Total New Business Volume

Total New

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Delinquencies

(as a percent of gross receivables)
  2000 2001
  I II III IV I
Less than 30 days 96.6 96.7 95.5 97.9 97.3
31-60 days 1.0 1.0 1.5 1.0 1.1
61-90 days 0.6 0.5 0.6 0.4 0.6
Over 90 days 1.8 1.8 2.4 0.7 1.0
100 100 100 100 100

13 respondents

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Average Losses

Average Loss

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Credit Approved Ratio

Credit Approved

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Total Number of Employees

Total Number

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ELFA's Research Section is sponsored by: