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20 Oct 2015
Not surprisingly for the world’s largest economy, the US has the largest equipment and auto finance industry in the world. The US equipment finance sector alone is valued at over US$900 billion, and its interests are represented by the Equipment Leasing and Finance Association (ELFA).
According to the 2015 SEFA (Survey of Equipment Finance Activity), equipment finance new business volume (NBV) increased by 6.7% to $118 billion in 2014. This actually represents a continuation of the decline in the rate of growth witnessed in recent years, although it remains well above the 2.4% rate of growth of the overall economy.
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