The early 2020 outlook for the US equipment leasing market is upbeat, according to data from the Equipment Leasing and Finance Foundation, which says business confidence is on the rise for the third month in a row.
The Foundation’s January monthly confidence index for the equipment finance industry (MCI-EFI) hit 59.9, an increase from the December index of 56.2.
When asked about the outlook for the future, MCI-EFI survey respondent David Normandin, president and chief executive officer of Wintrust Specialty Finance said: “Demand for leasing in the segments we are involved in has remained strong with huge demand in Q4 2019. Credit quality has remained solid, and pull through has been good. Unemployment remains low and we see small business customers remaining optimistic.”
Jan 20, 2020
The early 2020 outlook for the US equipment leasing market is upbeat, according to data from the Equipment Leasing and Finance Foundation, which says business confidence is on the rise for the third month in a row.
The Foundation’s January monthly confidence index for the equipment finance industry (MCI-EFI) hit 59.9, an increase from the December index of 56.2.
When asked about the outlook for the future, MCI-EFI survey respondent David Normandin, president and chief executive officer of Wintrust Specialty Finance said: “Demand for leasing in the segments we are involved in has remained strong with huge demand in Q4 2019. Credit quality has remained solid, and pull through has been good. Unemployment remains low and we see small business customers remaining optimistic.”
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Used vehicles are grabbing a larger share of the US automotive finance market, according to data from Experian, which says the trend is driven by a number of factors, including more prime customers choosing used vehicles and the increased availability of late-model vehicles.
The consultancy’s Q3 2019 State of the Automotive Finance Market report found used financing increased 2.4% year-over-year, reaching 55.15% in Q3 2019, compared to 53.86% in Q3 2018. Used leasing saw a slight increase from 3.88% in Q3 2018 to 4.07% in Q3 2019.
Jan 20, 2020
Used vehicles are grabbing a larger share of the US automotive finance market, according to data from Experian, which says the trend is driven by a number of factors, including more prime customers choosing used vehicles and the increased availability of late-model vehicles.
The consultancy’s Q3 2019 State of the Automotive Finance Market report found used financing increased 2.4% year-over-year, reaching 55.15% in Q3 2019, compared to 53.86% in Q3 2018. Used leasing saw a slight increase from 3.88% in Q3 2018 to 4.07% in Q3 2019.
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Ally Financial has announced that Sathish Muthukrishnan has joined the company as chief information, data and digital officer, to lead its technology, data and digital transformation teams, with a focus on advanced technical capabilities including cyber security.
Muthukrishnan has held a number of senior technology leadership roles, most recently as the chief digital and information officer for Honeywell Aerospace. Before that, he spent 10 years at American Express leading their digital transformation efforts.
Jan 20, 2020
Ally Financial has announced that Sathish Muthukrishnan has joined the company as chief information, data and digital officer, to lead its technology, data and digital transformation teams, with a focus on advanced technical capabilities including cyber security.
Muthukrishnan has held a number of senior technology leadership roles, most recently as the chief digital and information officer for Honeywell Aerospace. Before that, he spent 10 years at American Express leading their digital transformation efforts.
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Chicago-based financial diligence provider RedRidge Diligence Services has appointed Matt Rasul as national director, talent acquisition and employee relations.
From his Dallas base, he will drive the company’s employment strategy and manage international employee relations.
Jan 17, 2020
Chicago-based financial diligence provider RedRidge Diligence Services has appointed Matt Rasul as national director, talent acquisition and employee relations.
From his Dallas base, he will drive the company’s employment strategy and manage international employee relations.
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The US Federal Trade Commission (FTC) has indicated it plans to take legal action against fuel card services giant FleetCor alleging that it has charged customers at least hundreds of millions of dollars in hidden fees after making false promises about helping customers save on fuel costs.
Headquartered in Atlanta, Georgia, FleetCor reported $2.4 billion in annual revenues in 2018.
It markets its fuel card services in the US under its own ‘Fuelman’ brand name, as well as through co-branded cards, to businesses around the country.
Jan 20, 2020
The US Federal Trade Commission (FTC) has indicated it plans to take legal action against fuel card services giant FleetCor alleging that it has charged customers at least hundreds of millions of dollars in hidden fees after making false promises about helping customers save on fuel costs.
Headquartered in Atlanta, Georgia, FleetCor reported $2.4 billion in annual revenues in 2018.
It markets its fuel card services in the US under its own ‘Fuelman’ brand name, as well as through co-branded cards, to businesses around the country.
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The British Vehicle Rental and Leasing Association (BVRLA) has appointed two of its senior employees to new director-level roles.
Toby Poston, formerly the director of communications and external relations for the BVRLA, has been promoted to director of corporate affairs.
Jan 16, 2020
The British Vehicle Rental and Leasing Association (BVRLA) has appointed two of its senior employees to new director-level roles.
Toby Poston, formerly the director of communications and external relations for the BVRLA, has been promoted to director of corporate affairs.
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