Equipment Leasing and Finance Association - Equiping Business for Success

View MLFI

Monthly Leasing and Finance Index 2nd Quarter 2003

Apr 1, 2003, 15:39 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 second quarter of 2003 (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 grew at 10.6% when compared to the 2nd quarter 2002. Total net portfolio also increased 1.4%, reinforcing last quarter's indications that the economy is starting to recover. The total number of employees declined 11.77% as companies have streamlined their staff since 2002. Two organization had a significant reduction in force since 2Q 02. Credit approval ratios remained flat compared last year. Average losses increased 20 basis points when compared to the previous year. Lease payments past 90 days remained contast compared to 2Q02.

The key metrics are showing signs of life: higher new business volume, delinquencies remaining flat, and increased productivity from existing employees summarize the 2nd quarter Performance Indicator Report.

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 $204 billion equipment leasing industry.

Participants in the 2nd Quarter 2003 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
  • Hitachi Credit America Corporation
  • John Deere Credit Corporation
  • JP Morgan Leasing Inc.
  • Key Equipment Finance
  • LaSalle National Leasing Corporation
  • U.S. Bancorp Leasing & Financial
  • Verizon Credit, Inc
  • Wells Fargo Equipment Finance

Total Net Portfolio

pir2q03-totalnet

:: TOP top


 

Total New Business Volume

Total New

:: TOP top


 

Delinquencies

(as a percent of gross receivables)
  2001 2002
  2Q 02 3Q 02 4Q 02 1Q 03 2Q 03
Less than 30 days 97.6% 97.9% 98.2% 97.6% 97.5%
31-60 days 0.9% 0.6% 0.7% 0.8% 1.0%
61-90 days 0.5% 0.4% 0.4% 0.3% 0.4%
Over 90 days 1.0% 1.1% 0.7% 1.3% 1.1%
  100.0% 100.0% 100.0% 100.0% 100.0%

:: TOP top


 

Average Losses

Average Loss

:: TOP top


 

Credit Approved Ratio

Credit Approved

:: TOP top


 

Total Number of Employees

Total Number

:: TOP top


 


ELFA's Research Section is sponsored by: