Equipment finance originations dip 7.4%
New business volume fell 1.8% YoY through June
Equipment finance originations decreased in June amid ongoing economic uncertainty.
New business volume in equipment finance totaled $9.6 billion in June, down 7.4% from May and the second-largest month-over-month decline in 2025, according to the Equipment Leasing and Finance Association‘s (ELFA) CapEx Finance Index released today. New business volume was down 1.8% year over year through June and has been seesawing in 2025.
“Volatility across many indicators is up in 2025, so I’m not taking too much signal from one month of data,” ELFA President and Chief Executive Leigh Lytle stated in the report. “Still, we’ll be watching the incoming data closely this summer to see if trade policy uncertainty is finally beginning to weigh on equipment and software demand. Even if a slowdown materializes over the next few quarters, our sector is well positioned to handle the turbulence.”
Meanwhile, delinquencies of 30 days or more fell 27 basis points to 1.9%, and charge-offs ticked up 6 basis points to 0.5%. The average credit approval rate remained strong at 76.8%, slightly below a more than two-year high of 77.4% in April.
The drop in delinquencies and relatively low charge-offs indicate healthy financial conditions, “providing a buffer against an economic downshift,” Lytle said, also noting that the recent return of 100% bonus depreciation “should strengthen equipment demand over the next few years.”
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