Watch our latest video on the development of the US Asset & Auto finance industry 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.
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.