ELA recently released the results of its Performance Indicators Report (PIR) for the second quarter of 2002 (April-June)

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 growth was almost 25% since the second quarter 2001. This significant increase was primarily due to a single company's substantial increase in volume that particular quarter. Excluding this company shows a steady state of new business volume with little change. Total net portfolio continues to grow with almost a 6% increase since the second quarter 2001. The total number of employees has decreased slightly from the second quarter 2001. Credit approval ratios have decreased 3% since the second quarter 2001. After a slight drop in the first quarter, the average losses rebounded 24% in the second quarter 2002. Delinquencies remain fairly steady with a slight increase in current (less than 30 days) receivables since the first quarter 2001.

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 2nd 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
• Hitachi Credit America Corporation
• John Deere Credit Corporation
• Key Equipment Finance
• LaSalle National Leasing Corporation
• U.S. Bancorp Leasing & Financial
• Verizon Credit, Inc.
• Wells Fargo Equipment Finance