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The US economy expanded by 2.6% in the second quarter of 2017, and analysts forecast growth of up to 3% for 2017

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Although new car sales are down, they are still heading for one of the highest annual totals in history. Half year registrations were just over 8.4 million and the National Automobile Dealers Association is forecasting full year sales of 17.1 million new cars and light trucks

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New business volumes in the equipment leasing and finance market were up 6% year-on-year to $54.5 billion for the first seven months of 2017

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New technology is cutting out the middleman from equipment finance and leasing, making the lending process swifter and more efficient. Big data will enable lessors and their clients to manage leased assets more effectively

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Legal developments in the equipment and auto finance market include bundled contracts, waiver of defenses and electronic chattel paper. A wave of accounting rule changes is sweeping through which means significant work and financial changes for the industry

tick FULL SUMMARY OF FINDINGS - SEE PAGE 6 OF THE SURVEY
 
INCLUDES LEADERS' INSIGHTS 
 
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  • Gary Amos, CEO, commercial finance - Americas, Siemens Financial Services
  • Bill Bosco, principal, Leasing 101
  • Nicolas Brush, CEO, BlaBlaCar
  • Jamie Dimon, chairman and CEO, JPMorgan Chase & Co
  • Mark Fields, former president and chief executive officer of Ford
  • Jason Grohotolski, vice president - senior credit officer, Moody’s
  • Thomas Jaschik, president, BB&T Equipment Finance
  • Jason Laky, senior vice president and automotive business leader, TransUnion
  • Lou Loquasto, VP auto lender and dealer vertical leader, Equifax
  • Dave Mirsky, CEO, Pacific Rim Capital
  • Matthias Müller, chief executive officer, Volkswagen Group
  • Tom Partridge, president, Fifth Third Equipment Finance
  • Ralph Petta, president and CEO, Equipment Leasing and
  • Finance Association
  • Mark Scarpelli, chairman, NADA
  • Alan Sikora, chief executive officer, First American Equipment Finance
  • Bill Stephenson, CEO, De Lage Landen
  • Steven Szakaly, chief economist, NADA
  • Mark Vitner, managing director and senior economist, Wells Fargo
  • Adam Warner, president, Key Equipment Finance
  • Stephen Whelan, partner, Blank Rome LLP
  • Melinda Zabritski, Experian’s senior director of automotive finance
  • Tracey Zhen, president, Zipcar
 

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