Equipment Leasing and Finance Association - Equiping Business for Success
Equipment Leasing & Finance

Industry Dashboard

January/February 2019

ELFAindustry

Hiring

Who’s Hiring?

Employment at independent equipment finance companies rose 10.4% year-over-year, according to the 2018 Survey of Equipment Finance Activity. Overall employment rose 3.4%

Source: Interactive SEFA dashboard, www.elfaonline.org/SEFA.



MySEFA

Have You Heard the News?

ELFA has launched a new interactive dashboard for companies who participate in the Survey of Equipment Finance Activity called MySEFA. Some people call this dashboard the holy grail. It takes your company’s data and interactively compares it to the data provided in the Survey of Equipment Finance Activity, ranking your company against your peers. Be on the lookout for a demo or contact Bill Choi at bchoi@elfaonline.org for details.



MLFI

November MLFI Year-Over-Year

7percent
New Business Volume: up 7% 

6percent
Aging of Receivables: up 6%

11percent
Charge-offs: down 11%

5percent
Credit Approvals: up 5% 

YellowArrow
Employment: up 0.1%




30thELFFindustry

GrowthChart








U.S. Equipment & Software Investment Growth

According to the Foundation’s 2019 Equipment Leasing & Finance U.S. Economic Outlook, equipment and software investment is projected to expand 4.1% in 2019. Access the full report at http://bit.ly/ELFFEconomicOutlook



Horizon

On the Horizon:
The Future of Work

Despite widespread public worry about the potential for mass unemployment and employee headcount reductions, some research shows that automation and AI may actually increase demand for labor over the coming years. The vast majority of companies (94%) plan to maintain or increase their employee headcount over the coming years as a direct consequence of automation.

Source: 2018 McKinsey Global Institute (MGI) study included in the Foundation’s 2018 Equipment Leasing & Finance Industry Horizon Report, http://bit.ly/ELFFHorizonReport

 

Categorized With:

  • DATA, BENCHMARKING & FORECASTING