Equipment Leasing and Finance Association - Equiping Business for Success

View MLFI

Monthly Leasing and Finance Index 2nd Quarter 2004

Apr 1, 2004, 12:18 PM

Performance Indicators Report

Second Quarter, 2004


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 2004 (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 increased by 21.8% when compared to the 2nd quarter 2003. Total net portfolio edged higher by 5.7%. The total number of employees increased 2.8% as companies ramp up to meet new business requirements. Credit approval ratios remained flat, compared to the same quarter last year. Average losses decreased by 20 basis points when compared to the previous year. Lease payments on-time (under 30 days) increased by a percent when compared to 2Q04.

All the key metrics are showing positive signs: significantly higher new business volume, higher net portfolios, stable charge-offs, and the increase in the number of employees summarize the 2nd quarter 2004 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 $218 billion equipment leasing industry.

Participants in the 2nd Quarter 2004 PIR Report

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

Total Net Portfolio

pir2q04-totalnet

:: TOP top


 

Total New Business Volume

Total New

:: TOP top


 

Delinquencies

(as a percent of gross receivables)
  2003 2004
  2Q 03 3Q 03 4Q 03 1Q 04 2Q 04
Less than 30 days 97.30% 97.20% 98.50% 98.40% 98.20%
31-60 days 1.10% 1.30% 0.60% 0.50% 0.70%
61-90 days 0.50% 0.80% 0.30% 0.50% 0.50%
Over 90 days 1.20% 0.80% 0.70% 0.60% 0.60%

:: 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: