Executive Vice President
Leasing has been taking the hit on softening used car prices by a number of industry authorities. While off-lease numbers will be increasing this year and beyond, the blame has been overstated. Trade-ins will be seeing nearly five times the return volume as leasing, with eight-to-nine million anticipated trade-ins and 2.1 million lease returns this year.
Leasing Will Account for Just 22.5% of Vehicles Coming Back in 2014:
Lease return vehicles (three years old) are actually helping to fuel the CPO recovery.
It’s Easy These Days to Point a Finger at Leasing with Falling Car Prices:
Simply because there has been great resurgence in lease deals since the recession.
With New Vehicle Sales Jumping from 10M to 16M there’s Resurgence All Around:
Difficult to congratulate leasing on fueling sales growth then also say it’s hurting industry
by forcing falling prices.