USA31 Oct 2016
US Asset & Auto Finance Country Survey 2016
This comprehensive survey reports that, against expectations, new business volumes (NBV) in equipment finance and leasing have fallen in 2016 compared to 2015. Confidence levels in the industry have been on a downward trend for the past 18 months and projections are that investment in equipment will remain sluggish in the near term. And in the auto sector new vehicle sales are down year-on-year, after five straight years of growth.
However, there are some bright spots: fleet sales are on the up, and although new vehicle sales are down, the proportion of sales financed by leasing continues to rise, and now accounts for around a third of the market.
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