USA01 Oct 2014
The main representative organization for the equipment finance and leasing industry in the US is the Equipment Leasing and Finance Association (ELFA), which has been established for over 50 years and has some 600 member firms and affiliates.
ELFA produces an annual Survey of Equipment Finance Activity (SEFA) that covers key statistical, financial and operations information on the domestic equipment finance industry – an industry valued at US$827bn. However, given the size and diversity of the overall market, data from SEFA should only be taken as a guideline to industry-wide activity rather than an accurate representation. SEFA figures do not include data on auto leasing (including floorplan finance), real estate and ‘non-equipment finance operations’.
According to the 2014 SEFA, based on responses from 109 ELFA member companies, new business volume (NBV) for equipment finance increased by 9.3% in 2013 to $112.4bn – a healthy rate of growth, although lower than the 16.4% increase reported for 2012 and the 16.5% increased reported for 2011.
This Asset Finance International Country Survey aims to provide a balanced assessment of the American equipment and auto finance and leasing market.