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Posts Tagged ‘leasing key to sales record’

Leasing Levels Hit New High-Water Mark in 2016

Some analysts believe leasing will level off in 2017.

by on Jan.30, 2017

Large SUVs are gaining in popularity and one of the ways they become more "affordable" is to lease them.

It was a record sales year for U.S. automakers last year, a new high-water mark reached, in some measure because automotive lease volumes also hit a new benchmark of 4.3 million vehicles, according to a new study, which translates to more than 30% of all new vehicle sales.

Edmunds latest Lease Market Report noted that leasing accounted for 31% of all new vehicle sales in 2016, which is up from 29% in 2015 — the previous high. Overall, leasing has been on the rise for some time now – growing 91% in the last five years – as buyers look to get more bang for their buck.

By the Numbers!

That’s never been more true when it comes to a public hungry for all of the new sport-utilities, trucks and crossovers it can get its hands on. However, these vehicles often come with a heftier price tag than smaller sedans and coupe. (more…)