Leasing News - information, news, education and entertainment for the commercial bank, finance and leasing industry

######## surrounding the article denotes it is a press release, it was not written by Leasing News nor has the information been verified, but from the source noted. When an article is signed by the writer, it is considered a byline. It reflects the opinion and research of the writer.

New Hires/Promotions in the Leasing Business
and Related Industries

Timothy Amero, Jr., was hired as Senior Vice President of Sales, BriteCap Financial, Las Vegas, Nevada. He is located in Portsmouth, New Hampshire. Previously, he was Vice President of Sales, Direct Originations and Renewals, CAN Capital (June, 2021 - October, 2024); Director of Sales,
Direct Originations & Franchise Finance, Marlin Capital Solutions (November, 2016 - June, 2021); Senior Franchise Finance Manager, Direct Capital, a Division of CIT Bank, NA (NYSE: CIT), (December, 2007 - November, 2016).
https://www.linkedin.com/in/timothy-amero-jr-71bb0140/

Roger Beil, CLFP, was hired as Vice President, Equipment Finance, First Business Bank, Kansas City Metropolitan Area. He is located in Olathe, Kansas. Previously, he was Vice President, Vendor Sales, Ascentium Capital (December, 2022 - September, 2024); Regional Account Manager, Arvest Equipment Finance (June, 2021 - December, 2022): Full Bio:
https://www.linkedin.com/in/rogerbeil/
https://www.linkedin.com/in/rogerbeil/details/experience/

John Hersey, CLFP Associate, was promoted at First American Finance, Victor, New York. He is located in Rochester, New York. He joined First American as Senior Credit Analyst (November, 2022 - October,2024); Project Manager, Loan Vantage Install, Jack Henry & Associates (June, 2021 - November, 2022). He joined The Upstate National Bank September, 2018, Credit Analyst Intern, promoted May, 2019, Credit Analyst, promoted Assistant Vice President, Credit Analyst & System Support (July, 2020 - May, 2021).
https://www.linkedin.com/in/jhersey10/

Vince Monteleone was hired as SVP, Vendor Sales, PNC, Pittsburgh, Pennsylvania. He is located in Denison, Texas. Previously, he was SVP, Vendor Sales, SLR Equipment Finance (November, 2023 - October, 2024). Full Bio:
https://www.linkedin.com/in/vince-monteleone-6b414112/details/skills/
https://www.linkedin.com/in/vince-monteleone-6b414112/

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No Longer taking Broker/Discounting Business
plus Finance and Leasing Companies Out of Business

(While there is a lawsuit by 2,000 stock holders against Chesswood Group Limited and its companies,
Pawnee Leasing NS Tandem Finance, are listed as doing business in the major list. They told Leasing News they are in business but, for the time being, not taking originations. They said the situation was temporary. At this time, they are not listed as being out of business. Companies such as Rifco.Net and several others are primarily in business in Canada and were sold or not in business. This major list is primarily the United States. - Editor)

Companies with an * are no longer in business. The others are companies that were taking broker business, but announced that they no longer are accepting broker business. Many have also down-sized or are managing an existing portfolio. This does not include companies merged or acquired who are still in business.

Any updates or changes, please contact: kitmenkin@leasingnews.org

*ABCO Leasing Inc., Bothell, WA
*ACC Capital, Midvale, Utah
Advantage Business Capital, Lake Oswego, Oregon
*Advantage Funding, Lake Success, New York
AEL Financial, Buffalo Grove, Illinois
(No longer taking new broker business)
Agility Solutions Corp., Prescott, Arizona
Allegiant Partners, Bend, Oregon
Alliance Financial, Syracuse, New York
Allstate Leasing, Towson, Maryland
*Alternative Capital, Apollo Beach, Florida
*AMC Funding, Charlotte, North Carolina
*American Bank Leasing, Alpharetta, Georgia
*American Equipment Finance, Warren, New Jersey
American Leasefund, Tigard, OR (no longer a funder)
*American Leasing, Santa Clara, California
Bank of Ozark Leasing/Finance, Little Rock, Arkansas
*Bank of West Indirect Leasing, Dublin, California
*Bank of the West Leasing Indirect, San Ramon, California
*Bank Midwest Leasing, Overland Park, KS
Bankers Healthcare Group, Weston, FL
*BBVA Compass Equipment Leasing, Houston, Texas
*Blackstone Equipment Financing, Orange, California
*BusinessFinance.com (on line aggregate funder)
*Business Leasing NorthWest, Seattle, WA
*Capital One Equipment Finance, Towson, Maryland
*CapitalSource Healthcare Finance, Chevy Chase, Maryland
*CapNet, Los Angeles, California
*C and J Leasing Corp, Des Moines, Iowa
*Carlton Financial Corporation, Wayzata, Minnesota
*Chase Industries, Inc., Grand Rapids, Michigan
*Chesterfield Financial, Chesterfield, Missouri
CHG-MERIDIAN U.S. Finance, Ltd, Woodland Hills, CA
(Sales Management focuses very selectively on certain brokers.)
*Churchill Group/Churchill Leasing, Jericho, NY
CIT Group (limited)
Citizens Business Bank, Ontario, CA
*Colonial Pacific, Portland, Oregon
Columbia Bank Leasing, Tacoma, WA
*Columbia Equipment Finance, Danville, California
*Commercial Capital Training Group
Commercial Equipment Lease, Eugene, Oregon
Concord Financial Services, Long Beach, California
*Court Square, Malvern, Pennsylvania
*Creative Capital Leasing Group, LLC, San Diego, CA
Crossroads Equipment Lease & Finance, Rancho Cucamonga, CA
*Direct Capital, Portsmith, New Hampshire
Diversified Financial Service, Omaha, NE
*Dolsen Leasing, Bellevue/Yakima, Washington
Equipment Finance Partners, a division of Altec, Birmingham, Alabama
Evans National Leasing, Inc., Hamburg, NY
*Enterprise Capital Partners dba Enterprise Leasing, Spokane, WA
Enterprise Funding, Grand Rapids, Michigan
Enverto Investment Group, LLC, West Los Angeles, California
Equify Financial Fort Worth, Texas
*Evergreen Leasing, South Elgin, Illinois
Exchange Bank, Santa Rosa, California
*Excel Financial Leasing, Lubbock Texas
*First Corp.(IFC subsidiary), Morton Grove, Illinois
First Federal Financial Services, Inc., Menomonee Falls, Wisconsin
First Republic Bank, San Francisco, CA
Fora Financial, New York, New York
Frontier Capital, Teaneck New Jersey
*GCR Capital, Safety Harbor, Florida
GE Capital, Conn (limited)
Global Funding LLC., Clearwater, FL
*Greystone, Burlington, MA
*Heritage Pacific Leasing, Fresno, CA
*Hillcrest Bank Leasing, Overland Park, KS (Parent bank sold)
Huntington Equipment Finance, Vendor Finance Group, Bellevue, Washington
*IFC Credit Corp., Morton Grove, Illinois
Irwin Financial (Irwin Union Bank), Columbus, Indiana
Irwin Union Bank, F.S.B. (Louisville, Kentucky)
Lakeland Bank, Montville, NJ
LaSalle Systems Leasing
*Latitude Equipment Leasing, Marlton, New Jersey
*Leaf Specialty Finance, Columbia, South Carolina
*LEAF Third Party Funding, Santa Barbara, Ca.
Lease Corporation of America, Troy, Michigan
Lombard, part of Royal Bank of Scotland, worldwide
*M2 Equipment Finance, Waukesha, Wisconsin
*M&T Credit, Baltimore, Maryland (Merged with M&T Bank)
Note: M&T Bank | Commercial Equipment Finance, Baltimore, MD
(accepts broker business)
Manufacturer's Lease Plans, Inc., Phoenix, Arizona
*Marlin Capital Solutions, Mount Laurel, New Jersey
*MarVista Financial, Villa Park, California
*MericapCredit, Lisle, Illinois
*Meridian Healthcare Finance, San Diego, California
Merrill Lynch Financial
Midwest Leasing Group, Livonia, Minnesota
*Mintaka Financial LLC. Gig Harbor, Washington
*Mount Pleasant Capital, Wexford, PA
*National Alliance of Commercial Loan Brokers, Albany, NY
National City, Cleveland, Ohio
*Navigator (Pentech subsidiary) San Diego, California
*Northwest Leasing Company, Clyde Hill, WA
OFC Capital, Roswell, Georgia
Old National Bank, Evansville, Illinois
*P&L Capital, Omaha, Nebraska
*Pentech Financial, Campbell, CA
*PFF Bancorp, Inc, Pomona, CA
Pinnacle Business Finance, Fife, Washington
*Pioneer Capital Corporation, Addison, Texas
PredictiFund, a subsidiary of Capital Access Network, Inc
*Prime Capital Ventures, Albany, NY
*Prime Commecial Lending, LLC, Albany, NY
*Podium Financial Group, Inc.,Costa Mesa, CA
Popular Finance, St. Louis, Missouri
Providence Bank & Trust, Chicago,Illinois
Puget Sound Leasing, Seattle, Washington
Quality Equipment Finance, Carmel, Indiana
Radiance-Capital, Tacoma, WA
Rapid Finance. Bethesda, Maryland
Rational Technology Solutions, Rolling Meadows, IL
*Reliant National Finance, Jacksonville, Florida
Sandy Springs, Olney, MD
*Securities Equipment Lsg. (SEL, Inc.), Glendora, CA
*Select Equipment Leasing Co., Concord, CA
* Sharpe Financial Network, Phoenix, Arizona
*Silicon Valley Bank, Santa Clara, California
Sovereign Bank, Melville, New York
*Snider Leasing, Sacramento sold to Financial Pacific Leasing
Specialty Funding, Albuquerque, NM
Sterling National Bank, Montebello, New York
*Studebaker-Worthington Leasing, Corp., Jerico, NY
(part of sale from Main Street Bank to Ascentium Capital)
*Summitt Leasing, Yakima, Washington
Sun Trust Equipment Finance & Leasing, Baltimore, Maryland
*SunBridge Capital, Mission, Kansas
Suncoast Equipment Funding Corp., Tampa, Florida
TCF Equipment Finance, Minnetonka, Minnesota
TechLease, Morgan Hill, California
*Tennessee Commerce Bank, Franklin, Tennessee
Textron Financial
*Town and Country Leasing, Lancaster, Pennsylvania
*Triad Leasing & Financial, Inc., Boise, Idaho
*TriStar Capital, Santa Ana, California
Tri Counties Bank, Chico, California
*Union Capital Partners, Midvale, Utah
US Bank, Manifest Funding, Marshall, Minnesota
(new requirement: large yearly funding)
US Bank, Middle-Market, Portland, Oregon
Velocity Financial Group, Rosemont, Illinois
VenCore, Portland, Oregon (former company Len Ludwig)
*Vision Capital, San Diego, California
Vision Financial Group, Inc. (VFG Leasing & Finance), Pittsburg, PA
Wachovia Bank Leasing
*Warren Capital, Novato, California
*Washington Mutual Financial
Wells Fargo stepping back mortgage market,
shutting down buying loans from 3rd parties
Western Bank, Devils Lake, ND
*Westover Financial, Inc., Santa Ana, California
*Your Leasing Solution, Las Vegas, Nevada

Funders looking for new Brokers:
http://www.leasingnews.org/Funders_Only/New_Broker.htm

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Leasing and Finance Industry Help Wanted
Excellent Compensation/Marketing Support
Many Openings, Many Remote

Being a Contributor
By Scott Wheeler, CLFP

Top originators in the commercial equipment finance and leasing industry contribute to the well-being of all stakeholders. Too often, originators are measured strictly by their production on a monthly or quarterly basis. There are additional contributions that top originators provide to their stakeholders including:

Generating long-term, well-performing assets which contribute continuous bottom-line profits for their companies or funding sources.

Identifying new "blue oceans" in the market which will contribute to well-performing assets for their companies and a sustainable future.

Creating partnerships with the "right" vendors and manufacturers which will contribute to the partner's ability to increase sales and profitability in the short- and long-term.

Gathering market intelligence which will contribute to predictive analytics for existing and new opportunities and challenges.

Building a positive culture of success for other originators and operational professionals which will contribute to improving the quality of service provided by their companies.

Engaging with industry professionals through association events and advocating for best practices which will contribute to the long-term sustainability of the commercial equipment finance and leasing industry.

Top originators understand the importance of their contributions beyond funding single transactions this month. They strive to generate the best quality assets which will perform over the long term. They strive to create a culture of success for themselves and all of their stakeholders.

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161
Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com

Wheeler Business Consulting is working with individual originators and sales teams throughout the industry to ensure that they are well positioned in the market, capturing their fair share of business, and outperforming the competition. To schedule a one-on-one meeting contact Scott Wheeler at: scott@wheelerbusinessconsulting.com

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Academy for Certified Lease
& Finance Professionals
Only 1 Left 2024 – Classes for 2025 Being Scheduled

The Certified Lease & Finance Professional (CLFP) Foundation is pleased to present the Academy for Lease & Finance Professionals (ALFP). The ALFP is a three-day event designed to fully prepare an individual to sit for and pass the CLFP exam.’

First Commonwealth EF Online, ALFP
November 6 -7

Mel Vinson, CLFP, Director of Academies, VP of Marketing and Development, active with Academies both online and in person said, “As for ALFPs in 2025, I have only booked one private class for DLL, happening April 15-16. Typically companies book with me in November/December for spring 2025.”

If you plan to earn your CLFP in 2025 and beyond, please purchase the 10th Edition.

https://www.amazon.com/Certified-Lease-Finance-Professionals-Handbook/dp/B0D2LHWNQH

For more information on the academy
https://clfpfoundation.org/academy-for-lease-and-finance-professionals

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CLFP's by Company
Members with Three of More CLFP’s

Company Name	CLFP Count
First American Equipment Finance	156
DLL	110
U.S. Bank Equipment Finance	66
The Huntington National Bank	60
Stearns Bank NA-Equipment Finance Division	48
Ascentium Capital	42
Arvest Equipment Finance	36
Amur Equipment Finance	33
AP Equipment Financing	32
Oakmont Capital Holdings, LLC	30
Channel	30
Key Equipment Finance	27
North Mill Equipment Finance	26
First Citizens Bank Equipment Finance	26
Financial Pacific Leasing, Inc.	24
Navitas Credit Corp.	21
KLC Financial, Inc.	20
ECS Financial Services, Inc.	18
Wintrust	18
GreatAmerica Financial Services	18
Stryker	15
Northland Capital Equipment Finance	15
Odessa	13
Ivory Consulting Corporation	12
Auxilior Capital Partners, Inc.	11
Orion First Financial LLC	11
Tokyo Century (USA) Inc.	11
Taycor Financial	10
Beacon Funding Corporation	10
Alliance Funding Group	10
Cadence Bank	10
Fleet Advantage, LLC	10
Great American Insurance	10
Transport Enterprise Leasing LLC	9
1st Source Bank	9
Solifi	9
LTi Technology Solutions	9
Tamarack Technology, Inc.	9
Dext Capital	9
Commercial Equipment Finance, Inc.	8
BMO	8
FIS	7
Canon Financial Services, Inc.	7
Crossroads Equipment Lease & Finance LLC	7
Cisco Systems Capital Corporation	6
Quality Equipment Finance	6
Mitsubishi HC Capital America, Inc.	6
FinWise Bank	6
Leasepath	6
Civista Leasing and Finance	5
Ten Oaks Commercial Capital LLC	5
Falcon Equipment Finance	5
LEAF Commercial Capital Inc.	5
Univest Capital, Inc.	5
360 Equipment Finance	5
Nexseer Capital	5
Financial Partners Group	4
Truist	4
Commercial Capital Company, LLC	4
MAZO Capital Solutions	4
Balboa Capital a Division of Ameris Bank	4
CoreTech	4
The Alta Group LLC	4
APEX Commercial Capital	4
First Commonwealth Bank	4
Northteq	4
UniFi Equipment Finance, Inc.	4
Western Equipment Finance	4
PEAC Solutions	4
NCMIC Finance Corporation	3
First National Capital Corporation	3
M&T Bank	3
QuickFi by Innovation Finance	3
Commonwealth Bank of Australia (CBA)	3
Fifth Third Bank	3
Verdant Commercial Capital	3
Lion Technology Finance, LLC	3
OnPoint Capital, LLC	3
Commerce Bank	3
John Deere Financial	3
TD Equipment Finance, Inc.	3
Hanmi Bank	3
Element Fleet Management	3

More Police on Electric Bicycles Are Pulling
Cars Over in Traffic Stops
By Mathew W. Daus, Esq.

Image: LAPD

We often hear about police departments going electric with fleets of new Teslas or other electric cars but you might not realize that electric bicycles are actually becoming a common police vehicle in many departments around the US.

Lieutenant Bryan Zink of the CCSD police department in Las Vegas explained that Class 3 electric bicycles reaching speeds of up to 28 mph (45 km/h) are useful when his officers need to zip across campus or keep up with cars during traffic stops.

His police department recently added a large fleet of e-bikes thanks to a grant from the State Board of Education with funding earmarked for school safety. The new electric bikes help officers patrol the area around the school more effectively, even pulling over car drivers that endanger students.

The Cleveland Division of Police recently added the locally produced electric motorcycle The District from LAND Moto to its fleet.

E-bikes offer several advantages, including enhanced mobility in congested urban areas where navigating narrow streets or crowded events is challenging for cars. They allow officers to quickly respond to incidents while maintaining a lower environmental impact.

Source: electrek
https://electrek.co/2024/10/21/more-cops-on-electric-bicycles-are-pulling-cars-over-in-traffic-stops

Matthew W. Daus, Esq.
Partner and Chairman, Windels Marx Transportation
Practice Group
President, International Association of Transportation
Regulators,
Transportation Technology Chair, University
Transportation Research Center
Contact: mdaus@windelsmarx.com
156 West 56th Street | New York, NY 10019
T. 212.237.1106 | F. 212.262.1215

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SouthState Bank Expands Equipment Finance Capabilities with
LTi Technology Solutions’ ASPIRE and JDR Solutions’ Portfolio Servicing

SouthState Bank is scaling its equipment finance division through an agreement with LTI Technology Solutions and JDR Solutions, which will enhance portfolio management and streamline operations. This strategic collaboration positions SouthState Bank for future growth by leveraging LTi's ASPIRE platform and JDR Solutions' expert servicing capabilities.

Through this agreement, SouthState will enhance operational efficiency, optimize the equipment leasing lifecycle and provide customers with superior service. With ASPIRE's automation, advanced data management tools, and full lifecycle capabilities, SouthState is set to accelerate its equipment finance business.

Why SouthState Bank Chose ASPIRE

Chris Hobbs, Division Head & Director of the Equipment Finance Group at SouthState Bank, said,
“Following a comprehensive search, we selected ASPIRE for its proven track record in successfully managing equipment finance and leasing portfolios, as well as its rapid deployment and proven implementation methodology.

“As we scale and grow our equipment finance division, seamless data management and accurate financial reporting capabilities are essential, and ASPIRE consistently delivers in these key areas.”

A Collaborative Partnership to Drive Success

Tara Aasand, VP Sales and Relationship Management at LTi Technology Solutions, explained, “SouthState Bank’s decision to adopt ASPIRE reinforces our commitment to providing best-in-class solutions for the equipment and asset finance industry.

“We are honored to support SouthState’s growth by equipping their team with a platform trusted by top-tier clients across the industry.”

Joey Enevoldsen, Chief Operating Officer at JDR Solutions commented, “We are delighted to welcome ASPIRE. With our deep expertise in the proven ASPIRE platform and decades of experience in portfolio management, I am confident this partnership will foster growth and deliver long-term success for SouthState Bank’s expanding equipment finance division."

About SouthState Bank
SouthState Corporation (NYSE: SSB) is a financial services company headquartered in Winter Haven, Florida. SouthState Bank, N.A., the company’s nationally chartered bank subsidiary, provides consumer, commercial, mortgage and wealth management solutions to more than one million customers throughout Florida, Alabama, Georgia, the Carolinas and Virginia. The bank also serves clients coast to coast through its correspondent banking division. Additional information is available at https://www.southstatebank.com/global/about

About LTi Technology Solutions
With 35 years of industry leadership, LTi Technology Solutions is a global provider of customer-centric, cloud native, full-lifecycle leasing and loan finance platforms. From its Omaha, NE headquarters, LTi serves equipment and asset finance companies, captives, small ticket, middle market, and independent banks throughout the U.S., UK, and Canada. LTi’s highly configurable platform, ASPIRE, empowers customers to scale their business by streamlining the transaction lifecycle. Backed by comprehensive and integrated interfaces, their powerful technology solutions allow for improved efficiencies and decisioning. LTi is the ecosystem of choice of 40% of the Monitor 100, 50% of the Independents 30 and 36% of the Bank 50.
For more information about LTi, call (402) 493-3445 or +1 (800) 531-5086, or visit https://www.ltisolutions.com/lti-ecosystem-of-solutions/

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Q4 Update to the 2024 Economic Outlook Forecasts 4.4% Expansion in Equipment and Software Investment, 2.7% GDP Growth

Washington, DC–The U.S. economy remains on strong footing, fueled in part by continued healthy investment in equipment and software, according to the Q4 update to the 2024 Equipment Leasing & Finance U.S. Economic Outlook. Real equipment and software investment growth is projected to be 4.4% in 2024, with a modest near-term outlook for investment growth and the potential for improvement next year as interest rate cuts start to take effect in the economy. The report, which was prepared by Keybridge and released today by the Equipment Leasing & Finance Foundation, also forecasts real GDP growth of 2.7% this year, a slight uptick from the Foundation’s Q3 update to the 2024 Economic Outlook published in July.

The Foundation's report is focused on the $1.16 trillion equipment leasing and finance industry and highlights key trends in equipment investment, placing them in the context of the broader U.S. economic climate.

Leigh Lytle, President of the Foundation, and President & CEO of the Equipment Leasing and Finance Association, said, “The Foundation’s Q4 Outlook continues to support a soft-landing scenario and provides optimism for 2025 investment activity. The U.S. economy has been impressively resilient, but heightened political and economic uncertainty, and weather-related business interruptions, are likely to slow investment growth in Q4. We are optimistic that activity will remain strong in 2025, however, as Fed rate cuts start taking effect and election-related uncertainty abates. The Monthly Confidence Index for the Equipment Finance Industry agrees with Q4 Outlook findings, holding steady in October at its highest level since 2022.”

Highlights from the Q4 update to the 2024 Outlook include:

Equipment and software investment bounced back in Q2 after three consecutive weak quarters, expanding by a strong 7.0% (annualized). Aircraft investment was primarily responsible for the improvement, along with information processing equipment, while industrial equipment contracted modestly.
The U.S. economy experienced broad-based growth in the second quarter, expanding at a 3.0% annualized rate (up from 1.6% in Q1). Softer-than-anticipated job growth and rising unemployment over the summer raised questions about the long-term sustainability of the current economic expansion. However, layoffs remain low by historical standards, real wage growth is healthy, inflation is modestly elevated but largely contained, and the prospect for additional rate cuts later this year and next year should provide a boost to hiring and investment. The economy appears poised for growth in the new year.
The manufacturing sector continues to struggle. Both shipments and new orders of core capital goods are sluggish, industrial production is soft, the ISM Purchasing Managers Index for Manufacturing has contracted for 22 out of the last 23 months, and manufacturing employment has fallen by 50,000 workers in 2024 (including 34,000 in the last two months).
Small business owners have adopted a more cautious posture despite generally favorable business conditions. Recent shifts in the labor market, rising geopolitical tension, and the 2024 election have led to a rapid rise in uncertainty that may depress investment activity in the near term. At the same time, if inflation remains in check and the Fed gradually cuts rates as expected, activity should pick up again in early 2025.
The Fed is characterizing its decision to cut rates by 50 bps rather than 25 bps as a “recalibration” rather than an emergency reaction to a weakening labor market. The Fed maintains that rate cuts are not intrinsically linked to a looming recession, but rather that a controlled easing of monetary policy, if properly timed and calibrated, can help keep the economy on track.

The Foundation-Keybridge U.S. Equipment & Software Investment Momentum Monitor, which is released in conjunction with the Economic Outlook, tracks 12 equipment and software investment verticals. In addition, the Momentum Monitor Sector Matrix provides a customized data visualization of current values of each of the 12 verticals based on recent momentum and historical strength. . Over the next three to six months the Foundation expects the following trends to materialize on a year-over-year basis:

Agriculture machinery investment growth will continue to weaken.
Construction machinery investment growth will continue to contract.
Materials handling equipment investment growth may improve modestly.
All other industrial equipment investment growth will remain muted, though recent movement is encouraging
Medical equipment investment growth may expand modestly, but momentum is soft.
Mining and oilfield machinery investment growth will remain weak, though recent movement is encouraging.
Aircraft investment growth should continue to improve.
Ships and boats investment growth appears to have bottomed out and should improve.
Railroad equipment investment growth should remain positive, though momentum is slowing.
Trucks investment growth will remain soft and may turn negative.
Computers investment growth should continue to expand at a robust pace.

Software investment growth will expand at a solid pace.

The Foundation produces the Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economic and public policy consulting firm Keybridge Research. The annual economic forecast provides the U.S. macroeconomic outlook, credit market conditions, and key economic indicators. The Q4 report is the third update to the 2024 Economic Outlook, and will be followed by the publication of the 2025 Economic Outlook in December.

Download the full report at https://www.leasefoundation.org/industry-resources/u-s-economic-outlook/.

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