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 $1 trillion equipment finance sector, showed their overall new business volume for February was $6.1 billion, up 2 percent from new business volume in January.
Volume was down 2 percent from $6.2 billion in February 2015. Year to date, cumulative new business volume decreased 7 percent compared to 2015.
Receivables over 30 days were 1.4 percent, up from 1.3 percent the previous month and up from 1.15 percent in the same period in 2015. Charge-offs were 0.37 percent, up from 0.26 percent the previous month.