Overall, confidence in the equipment finance market is 59.6, unchanged from the December index and in line with pre-pandemic levels.

The Equipment Leasing & Finance Foundation has released the August 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Overall, confidence in the equipment finance market is 48.4, an increase from the July index of 45.3.

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for June was $8.9 billion, down 10% year-over-year from new business volume in June 2019.

The Equipment Leasing & Finance Foundation (the Foundation) has released the May 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market improved with an index of 25.8, up from the historic low in April of 22.3.

The latest episode of On the Record is now available! In this week’s episode we explore Deere and CNH Industrial’s push toward leased equipment, a slowdown in farm lending during the third quarter and the results of Baird and Ag Equipment Intelligence’s first survey of shortline equipment manufacturers. We also discuss the aging population of both dealers and farmers and how that’s impacting the ag industry. In the Technology Corner, Jack Zemlicka discusses a service-centric focus to precision sales.

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 August was $9.2 billion, up 3% year-over-year from new business volume in August 2018. Volume was down 2% month-to-month from $9.4 billion in July. Year to date, cumulative new business volume was up 3% compared to 2018.