ELFA: January new business volume up 6% Y/Y
Despite falling from December’s high, the association’s earlier predictions of a strong start to 2024 are still on track.
ELFA data suggests strong start for new business volume in 2024
December’s new business volumes were up both year-over-year and month-over-month.
ELFA’s top 10 equipment acquisition trends for 2024
The association, which represents the $1 trillion equipment finance sector, predicts businesses will be investing and financing a lot, this year.
Equipment leasing and finance new business volume ticks upward year over year
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for April was $10.5 billion, up 7 percent year-over-year from new business volume in April 2021. Volume was relatively unchanged from $10.6
Monthly Leasing and Finance Index: Dec. new business down year-over-year
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $827 billion equipment finance sector, showed their overall new business volume for December was $10.7 billion, down 7% from new business volume in Dec. 2012. In a typical end-of-year