Equipment Leasing and Finance Association - Equiping Business for Success

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Monthly Leasing and Finance Index 4th Quarter 2001

Sep 1, 2001, 18:52 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 fourth quarter of 2001 (October - December)

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 showed a slight increase of almost 13% since the fourth quarter 2000. Total net portfolio continues to grow with about a 19% increase since the fourth quarter 2000. The total number of employees actually shows minimal growth with an increase of less than 1% from the fourth quarter 2000. Credit approval ratios continue to follow a slight downward trend ranging between 2 % and 3% with an overall decrease of 3% since the fourth quarter 2000. Average losses have increased almost 70% since the fourth quarter 2000. Delinquencies remain fairly stable with a slight decline in current (less than 30 days) receivables since the fourth quarter 2000. However, past-dues still remain fairly high, particularly the over-90 days accounts.

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 www.elaonline.com or call ELA at (703) 516-8380.

Participants in the 4th Quarter 2001 PIR Report

  • ADP Credit 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
  • GE Capital - Capital Funding Inc.
  • GreatAmerica Leasing Corporation
  • John Deere Credit Corporation
  • Hitachi Credit America Corporation
  • Key Equipment Finance
  • LaSalle National Leasing Corporation
  • Pitney Bowes Credit Corporation
  • U.S. Bancorp Leasing & Financial
  • Verizon Credit, Inc.
  • Wells Fargo Equipment Finance

Total Net Portfolio

pir4q01-totalnet

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Total New Business Volume

Total New

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Delinquencies

(as a percent of gross receivables)
  2000 2001
  IV I II III IV
Less than 30 days 98.0 97.2 97.4 97.0 96.9
31-60 days 1.0 1.2 1.1 1.1 1.2
61-90 days 0.4 0.6 0.5 0.6 0.7
Over 90 days 0.6 1.0 1.0 1.3 1.2
  100 100 100 100 100

16 respondents

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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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