The monthly index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment finance sector. Overall, confidence in the equipment finance market is 72.1, easing from April’s all-time high of 76.1
The Equipment Leasing and Finance Assn.’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for March was $9.3 billion.
Experts explain how artificial intelligence, blockchain and smart contracts can
benefit equipment financing — and encourage dealers to learn about the technologies and
seek out financing partners who are doing the same.
Artificial intelligence, blockchain and smart contracts are three kinds of technology
improving processes and outcomes in other industries, but which are not yet available for
equipment financing. Two experts say it’s time that equipment dealers demand this tech of
their financing partners.
Sales of new construction equipment have been on an upward trend in recent years, but the rapid growth of rental has been eroding some of that acceleration, according to the Equipment Leasing & Finance Foundation's 2018-2019 Vertical Market Series report on the construction segment.
Thirty-seven percent of contractors indicate that they will purchase more new equipment, while 27% indicate they will purchase more used equipment in 2018, according to a report from the Equipment Leasing & Financing Foundation.
The study, commissioned by the Equipment Leasing & Finance Foundation and prepared by ORC International, indicates that the all-time high in construction spending in 2017 will carry through in 2018, with predicted U.S. construction industry growth of 5%.
Yanmar America is the North American headquarters of Yanmar Holdings. Ranked #1 in Product
Quality for five years in a row by the Equipment Dealers Association, Yanmar provides innovative
solutions for Rural Lifestyle and Industrial Equipment customers.
Yanmar was the world’s first manufacturer to develop a practical small diesel engine in 1933 and
has continued to push the boundaries of innovation and technology ever since. As a manufacturer of
diesel engines, compact tractors and utility task vehicles, construction machinery, and industrial
equipment, Yanmar's products are sold in over 130 countries.
At Yanmar America, we are committed to providing our customers with the highest quality products
and services, backed by a strong team of professionals who share our dedication to excellence. We
look forward to the opportunity to work with you in achieving your goals.
Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.