Asset finance is experiencing a mixed year, with construction and technology infrastructure as bright spots, healthcare as static, and transportation and agriculture as lagging, notes the 2017 Auto & Equipment Finance Survey 2017 by Asset Finance International in association with White Clarke Group.
The newly released survey considers the equipment finance industry and includes input from Key Equipment Finance President Adam Warner, who describes soaring confidence in the wake of the presidential election that has since declined as early attempts to pass meaningful economic legislation have failed.
"Business confidence has eroded and will likely continue to be challenged in 2018," Warner said.
The 45-page report features the views of more than 20 industry leaders, based on interviews, submissions and desk research and provides overviews of the U.S. economy, politics, auto finance and equipment finance, legal and regulatory environment, and lease accounting.
Technology infrastructure is identified as a growth market, Warner noted, however, "the buyers may be cloud and service providers (i.e. Amazon) rather than traditional corporate clients. Software and services financing should also continue to grow.”