Mixed fortunes for equipment finance

News Story
- 9 Jan 2020 ( #956 ) - Washington, DC, United States
1 min read
Credit approvals totalled 75.7%
Credit approvals totalled 75.7%
There were mixed results in the latest Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports a 3% drop year-over-year in new business volume in November. Volume was down 23% month-to-month from USD10.1 billion in October. Year to date, cumulative new business volume is still in positive territory - up 5% compared to 2018.

Receivables over 30 days were 1.8% (down from 2% the previous month and up from 1.6% for the same period in 2018).

Credit approvals totalled 75.7%, down from 76.3% in October. Total headcount for equipment finance companies was down 2.9% year-over-year.

Separately, the Equipment Leasing & Finance Foundation's Monthly Confidence Index (MCI-EFI) in December was 56.2, an increase from the November index of 54.9.

ELFA president and CEO Ralph Petta is not surprised by the decline in new business: "Uncertainty brought on by the prolonged trade frictions with China, which at the time of this writing appear to be significantly mitigated as a result of a recently announced Phase 1 trade deal between the two countries, was also partly responsible for this slowdown. Credit markets continue to perform well, with losses and delinquencies still in very acceptable ranges."

ELFA represents companies in the nearly USD1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods.
Dachser invests despite revenue falls
Dachser invests despite revenue falls 28 Mar 2024 - Kempten, Germany - 2 min read
Alta delivers record results
Alta delivers record results 28 Mar 2024 - Livonia, MI, United States - 1 min read
Asian boost for J&T Global Express
Asian boost for J&T Global Express 28 Mar 2024 - Hong Kong - 1 min read
Previously about:
Briefs News Story - 9 Sep 2021 - 2 min read
ELFA identifies equipment trends News Story - 28 Jan 2021 - Washington, DC, United States - 5 min read
Financing rises 10% News Story - 1 Mar 2018 - Washington, DC, United States - 1 min read
Do you have materials handling news? Submit your news here
Inside The News
Things get a little political this week as we bring big announcements from US President Joe Biden and UK Transport Secretary Mark Harper that will affect the global supply chain industry in different ways... Continue reading

Recently Forkliftaction News covered Elokon’s new managing director, who was first appointed by the company as a service technician in 2017. 

We’d love to hear your thoughts on career progression in materials handling. 

How easy or hard have you found it to pivot roles or access opportunities for promotion? Do you think this is a good industry for growing a career? Tell us your thoughts 

Words of support …

Undoubtedly, peer experience plays a crucially important role in our industry and it is extremely valuable for us to be part of the platform, where industry professionals, as well as end users can discuss and learn more about the materials handling world.

Alexandra Artemova, Marketing Specialist - Rocla AGV Solutions

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

You may have noticed your email news edition has undergone a little revamp.

To deliver a more easily digestible and mobile-compatible version of our news edition, we have tweaked some of the formatting and skimmed down the unnecessary extras.

Enjoy the fresh look and happy reading!

The Forkliftaction Team 

Inside The News
Things get a little political this week as we bring big announcements from US President Joe Biden and UK Transport Secretary Mark Harper that will affect the global supply chain industry in different ways... Continue reading

PREMIUM business

Bolzoni SpA (Group HQ)
Manufacturer of Lift Truck Attachments, Forks and Lift Tables, with the most extensive range in the market.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Recently Forkliftaction News covered Elokon’s new managing director, who was first appointed by the company as a service technician in 2017. 

We’d love to hear your thoughts on career progression in materials handling. 

How easy or hard have you found it to pivot roles or access opportunities for promotion? Do you think this is a good industry for growing a career? Tell us your thoughts