White Clarke Group Release Leasing Market Update for the USA

Leading finance technology company White Clarke Group is pleased to announce the release of a country survey for the USA.

In association with the World Leasing Yearbook, this annual survey aims to provide an assessment of the national leasing markets in the US, focusing on the period up to mid-2019.

Comprised of in-depth research conducted on behalf of the Equipment Leasing & Finance Foundation by Keybridge Research, the survey offers a wealth of economic and industry insights, including the size of the equipment finance market before the impact of the Coronavirus pandemic.

The size of the equipment finance industry at the end of 2018 was around $900 billion, with 80% of companies using at least one form of finance when acquiring equipment or software. The research reflects a robust industry well-placed to manage the economic challenges ahead.

The Foundation’s Q2 2020 Equipment Leasing & Finance Industry Snapshot revealed that the US economy could suffer a historically deep contraction of -30 to -40% in Q2 2020, in part due to more than 90% of the population having been affected by stay-at-home orders.

Furthermore, the Snapshot predicts a plunge in equipment and software investment in the first half of 2020, though a return to growth is possible should the public health crisis subside in the second half of the year.

Created in association with the World Leasing Yearbook, the US country survey is available now.

To download the report, visit www.whiteclarkegroup.com.

About White Clarke Group

White Clarke Group is the global provider of end-to-end loan origination, servicing, collections and floorplan/wholesale finance technology for the automotive, consumer and equipment finance sectors. It is a global organization employing around 600 professionals, with offices across North America, Europe and Asia Pacific. Clients include: Toyota Financial Services, Volkswagen Financial Services, Daimler Financial Services, United Bank, LeasePlan, Hitachi Capital, Exeter Finance. For more information, please visit www.whiteclarkegroup.com.

Press contacts

Anna Lepp, Global PR & Marketing Director
Phone: +44 (0)1908 576 710
Email: alepp@whiteclarkegroup.com