According to ELFA's Monthly Leasing and Finance Index, overall new business volume for February was $6.1 billion, up 2% from new business volume in January. Volume was down 2% from $6.2 billion in February 2015, and year to date, cumulative new business volume decreased 7% compared to 2015. Receivables over 30 days were 1.4%, up from 1.3% the previous month and up from 1.15% in the same period in 2015. Charge-offs were 0.37%, up from 0.26% the previous month.