ELA recently released the results of its Performance Indicators Report
(PIR) for the third quarter of 2003 (July-Sept)
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 15.9% when compared to the 3rd quarter 2002.
Total net portfolio also increased 2.3%, and the economy is finally
showing signs of life. The total number of employees declined 7.97% as
companies have streamlined their staff. Credit approval ratio is up 50
basis points, compared to last year. Average losses dropped 30 basis
points when compared to the previous year. Lease payments past 30 days
increased slightly when compared to 3Q02.
The key metrics are showing signs of life: higher new business volume,
higher net portfolios, lower charge-offs, and higher credit approval
ratios summarize the 3rd 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 3rd Quarter 2003 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
- 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