The ELFA has released its predictions for 2017 earlier this past week.
Some results are predictable, such as the positive economic climate being paved for businesses based in the U.S. in the new presidential climate. Others are wildly ambitious. The ELFA predicts 80% of businesses will be leasing equipment by the end of 2017.
Let’s hope these predictions are right.
For a full breakdown of the ELFA predictions for equipment acquisition trends in 2017, click the link HERE.
*Statement from ELFA
*Jan. 18, 2017 – The Equipment Leasing and Finance Association (ELFA), which represents the $1 trillion equipment finance sector, today revealed its Top 10 Equipment Acquisition Trends for 2017. Given U.S. businesses, nonprofits and government agencies will spend over $1.5 trillion in capital goods or fixed business investment (including software) this year, financing a majority of those assets, these trends impact a significant portion of the U.S. economy. Businesses will find positive momentum for equipment investment as the changing economic and regulatory environment contributes to improved business conditions.
ELFA President and CEO Ralph Petta said, “Equipment acquisition continues to drive the supply chains across all U.S. manufacturing and service sectors. Equipment leasing and financing provide the source of funding for a majority of U.S. businesses to acquire the productive assets they need to operate and grow. We are pleased to provide the Top 10 Equipment Acquisition Trends each year in order to assist businesses in understanding the marketplace and planning their acquisition strategies.”
ELFA distilled recent research data, including the Equipment Leasing & Finance Foundation’s 2017 Equipment Leasing & Finance U.S. Economic Outlook, industry participants’ expertise, and member input from ELFA meetings and conferences in compiling the trends.