Equipment Leasing and Finance Association - Equiping Business for Success

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Monthly Leasing and Finance Index 1st Quarter 2002

Jan 1, 2002, 18:49 PM

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 2002 (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.

New business volume showed a slight increase of about 4% since the first quarter 2001. Total net portfolio continues to grow with almost a 5% increase since the first quarter 2001. The total number of employees actually decreased almost 4% from the first quarter 2001. Credit approval ratios have increased 4% since the first quarter 2001. After slow steady growth throughout 2001, the average losses dropped 30% since the fourth quarter 2001. Delinquencies remain fairly stable with a slight decline in current (less than 30 days) receivables since the first quarter 2001. However, past-dues are increasing in the over-90 days accounts.

This study is conducted quarterly by the ELA, which provides a variety of data, including customized market analyses, to ELA members and organizations involved in the $242 billion equipment leasing industry. To access this and other industry information, visit the ELA website at http://www.elaonline.com/ or call ELA at (703) 516-8380.

Participants in the 1st Quarter 2002 PIR Report

  • ADP Credit Corporation
  • Amsouth Leasing Corporation
  • Caterpillar Financial Services Corporation
  • Computer Sales International, Inc.
  • Dana Credit Corporation
  • De Lage Landen Financial Services
  • Farm Credit Leasing Services Corporation
  • Fleet Capital Leasing
  • GreatAmerica Leasing Corporation
  • John Deere Credit Corporation
  • Hitachi Credit America Corporation
  • Key Equipment Finance
  • LaSalle National Leasing Corporation
  • U.S. Bancorp Leasing & Financial
  • Verizon Credit, Inc.
  • Wells Fargo Equipment Finance

Total Net Portfolio

pir1q02-totalnet

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Total New Business Volume

Total New

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Delinquencies

(as a percent of gross receivables)
  2001       2002
  I II III IV I
Less than 30 days 97.9 98.0 97.7 97.7 97.4
31-60 days 0.8 0.8 0.8 0.8 0.9
61-90 days 0.5 0.4 0.4 0.5 0.5
Over 90 days 0.8 0.8 1.1 1.0 1.2
  100 100 100 100 100

16 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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