Delinquencies (net of unearned income billed but not yet received) decreased very slightly for the under-30 days category to 98.0% in April compared to 98.46% in March. Credit approval ratios, however, decreased to 76.3% over March’s 83.2%. Average charge-offs also decreased, coming in at 0.36% from March’s 0.53%. The total number of employees increased 2.1% in April to 9,259 compared to 9,072 in March, continuing the upward trend in employment.

“The key metrics highlighted in the April MLI indicate a strong opening to the second quarter for the industry,” says Ralph Petta, VP of Industry Services. “With charge-offs decreasing and employment up, clearly the economic rebound is being felt in the equipment leasing industry.”  The MLI is issued on the 30th of every month1 and provides trend analysis across all major performance areas of lessors, including new business  volume, aging of receivables, average loss, credit approval ratios and number of employees. Charts and graphs are available for reprint to members of the accredited media. The illustrations reflect the data provided by those companies responding to that particular question. 

 Typically, not every company polled responds to every question. Because the same companies participate in the study each month, the MLI provides a fairly reliable and consistent trend analysis of current industry activity.

In addition to the MLI, ELA provides a variety of data, including customized market analyses, to ELA members and organizations involved  in the forecasted $248 billion equipment leasing industry. To access this and other industry information, visit the ELA website at ://www.elaonline.com/IndustryData/ 

Should the 30th of the month fall on a non-business day or holiday, the ELA Monthly Leasing Index will be issued on the next business day closest to the 30th.

About ELA Organized in 1961, the Equipment Leasing Association (ELA) is the premier non-profit association representing companies  involved in the dynamic equipment leasing and finance industry to the business community, government and media. As the voice of the  leasing industry, ELA promotes the forecasted $248 billion industry as a major source of funds for capital investment in the United States  and abroad. Headquartered in Arlington, Va., ELA has more than 800 member companies and a staff of 25 professionals. For more information on ELA, please visit www.ELAOnline.com.

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