With Slow Growth on the Horizon, ELFA Releases Top 10 Equipment Acquisition Trends

By Jordanne Waldschmidt | Equipment World Forecasting U.S. businesses to spend more than $2 trillion on equipment and software in 2023, the Equipment Leasing and Finance Association (ELFA) has released its Top 10 Equipment Acquistion Trends. The organization, which represents the nearly $1 trillion equipment finance sector, says contractors and dealers can use these trends to better understand the market environment as they make plans to buy and sell equipment. “Slower economic growth underlies the trends this year as equipment acquisition continues to drive supply chains across all U.S. manufacturing and service sectors,” ELFA President and CEO Ralph Petta said. “Nearly eight in 10 U.S. businesses currently use equipment leasing and financing to acquire the productive assets they need to operate and grow.” READ FULL ARTICLE>>