From The White Clarke Group:

The equipment finance market in the US is forecasted to grow from $903 billion in 2014 to $922 billion in 2015, according to the Equipment Leasing & Finance Foundation's State of the Equipment Finance Indiustry Report. Of the estimated all-time high of $1.484 trillion that is projected to be invested in plant, equipment and software, 62% is expected to be financed through loans, leases and lines of credit.

The US Equipment Leasing and Finance Association (ELFA) Monthly Leasing and Finance Index (MLFI-25), a summary of economic activity from 25 equipment finance companies representing a cross-section of the sector, showed in December 2014 that overall new business volume (NBV) increased by 20% compared to December 2013, and also rose 90% compared to November 2014.

Year-on-year changes for monthly new business have however varied considerably where, for example, the +20% difference in December 2014 over December 2013 was preceded by a decline of -8% for the November totals.

Nonetheless, the overall situation is positive, with cumulative new business for the 25 MLFI companies growing 8% over the year, from $88.5 billion in 2013 to $95.2 billion in 2014.

White Clarke Group has a comprehensive summary of trends in the US market – which is available free of charge on the White Clarke Group Blog on Asset Finance International.

You might be interested in our USA Asset and Auto Finance Country Survey 2014, which provides in-depth background, comment and analysis.

See links below.