Leasing Market data

Asset finance is strong but for manufacturers cash is king

Tue, May, 15 2012

Asset finance is the most popular external financing product for UK manufacturers, according to a report into financing assets with the sector by EEF.Free

NetSol returns to strength

Thu, May, 10 2012

Asset finance software provider NetSol Technologies has reported net income of $1.7m (€1.3m) for the third quarter of its fiscal year, ending 31 March. The figure, although down 48% year-on-year from $3.3m, marks a return to strength after the firm reported a Q1 loss of $1.5m six months ago and a profit of just £320,000 in Q2.Free

Used equipment leaves Europe as demand declines

Thu, May, 10 2012

Used construction and industrial equipment continues to leave Europe for emerging markets following the 1.4% decline in asset demand on the continent during the first quarter of 2012.Free

Leasing jobs up in BRIC, down in Europe

Thu, May, 10 2012

Recruitment in the equipment leasing sector increased 15% globally this quarter thanks to robust hiring in the US and BRIC, according to the Global Equipment Leasing and Finance Hiring Index. The latest quarterly index, from recruitment firm ZRG Partners, increased to 74, up from 63.7 in the previous three months despite a 13% drop in hiring across Europe.Free

Business growth not matched by confidence in US leasing

Wed, Apr, 25 2012

The US leasing industry saw a 36% increase in new business last month, reaching $6.8bn (€5.2bn) in March compared to $5bn in February. The figure from the Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) also represented a 10% rise year-on-year.Free

Leaseurope Index could get reboot for Q1

Mon, Apr, 16 2012

The upcoming edition of the Leaseurope Index, a comprehensive quarterly report on European leasing business, may include upgraded features to increase value to users. The Index was launched last year and is issued every quarter with aggregated data on operating income, profit and new business volumes among Leaseurope members.Free

LeasePlan launches euro & sterling securitisation backed by UK fleet

Thu, Apr, 12 2012

Independent fleet lessor LeasePlan has announced a €700m securitisation backed by its UK leasing portfolio. The Netherlands-headquartered firm has placed £582.1m (€706.8m) in securities in two tranches: €445.8m denoted class A1 and £212.1m denoted class A2.Free

UK leasing business up 20% in key assets

Wed, Apr, 11 2012

New business volumes in UK leasing have risen more than 20% in key asset classes. Commercial vehicle finance, IT equipment and plant and machinery finance have all grown by over 20% in February 2012 year-on-year, according to new data by the Finance & Leasing Association (FLA).Free

50% sales growth for MAN FS

Tue, Apr, 10 2012

Des Evans, UK chief executive of MAN Truck & Bus, described the German manufacturer’s Financial Services division as “a bank that likes to sell trucks,” and running that bank is the job of Peter Collins, managing director of MAN Financial Services (MAN FS). As the truck and bus company celebrated its 20th anniversary in London, Leasing Life took the opportunity to speak with Collins and get a closer look at its leasing and finance arm.

Country Snapshot: UK

Tue, Apr, 10 2012

Leasing Life has been delving into the European Union Eurostat database to discover some of the key macroeconomic and political indicators for different EU members. This month – UK