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Global Finance Report – Global Asset and Auto Finance Survey May 2015

Global Finance Report

11 May 2015

Excerpt

"The worst effects of the financial crisis may be well behind as the US economy is starting to steady but the North America leasing market is by no means completely out of the woods.

Back in 2011 and 2012, the main issue for leasing companies was the lack of new business, because companies were not expanding and so not buying new equipment. Most of the business that did come in was the result of companies replacing old or worn out equipment, although typically organizations held off for as long as possible before making any purchasing decision.

While the situation remained broadly the same in 2013, by 2014 it looked as if new business might be about to take off. In April, the Equipment Leasing and Finance Foundation’s (ELFF’s) Monthly Confidence Index (MCI-EFI) stood at 65.1, recording the highest index level in two years for the second consecutive month. However, by August the MCI-EFI had dipped to 58.9, easing from the previous two months’ indexes of 61.4, which were themselves below the April high."

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