Equipment Leasing and Finance Association - Equiping Business for Success

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Monthly Leasing and Finance Index 3rd Quarter 2003

Jun 1, 2003, 16:27 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 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

Total Net Portfolio

pir3q03-totalnet

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Total New Business Volume

Total New

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Delinquencies

(as a percent of gross receivables)
  2002 2003
  3Q 02 4Q 02 1Q 03 2Q 03 3Q 03
Less than 30 days 98.1% 98.2% 97.5% 97.4% 97.3%
31-60 days 0.6% 0.7% 0.8% 1.0% 1.3%
61-90 days 0.4% 0.4% 0.3% 0.5% 0.8%
Over 90 days 0.8% 0.7% 1.3% 1.1% 0.6%

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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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