July 2012 MCI Survey Comments from Industry Executive Leadership:

Depending on the market segment they represent, executives have differing points of view on the current and future outlook for the industry. The following are comments the Foundation gathered:

Independent, Micro Ticket 

“The long view is bullish for our industry. In the short run, however, I believe we will see sluggish demand unless and until the consumer side of our economy feels more secure about their financial well being and starts to spend more freely.” Paul Menzel, president and CEO, Financial Pacific Leasing, LLC

Independent, Small Ticket

“Businesses are showing some reluctance to expand or invest in new capital equipment due to the extremely slow economic recovery. It seems like we are in a wait-and-see mode.” David T. Schaefer, president, Orion First Financial, LLC

Bank, Middle Ticket

“For 2012, I would expect the industry to finish slightly above 2011 levels. However, long-term prosperity for equipment finance and the economy in general will hinge upon the outcome of the November election.” Anonymous