Detroit Bureau on Twitter

Posts Tagged ‘leasing’

Leasing Making a Big Comeback

May soon account for 43% of luxury market again.

by on Mar.04, 2011

Good news for Land Rover as it launches - and leases - the new Range Rover Evoque.

In the “bubble years,” prior to the economic meltdown, leasing had become the option of choice for millions of American motorists, accounting for a majority of the business for some luxury brands.  After all but vanishing during the downturn, leasing is now poised to make a major comeback, suggests the Automotive Leasing Guide.

Also known as ALG, and a principle benchmark for residual values and depreciation data, the publication predicts a significant resurgence in the automobile leasing market that will continue right on through 2015.

News You Can Use!

The luxury segment will lead the way with lease penetration rates rising to nearly 43% by 2012, while lease penetration in the mainstream market will increase to 17.5% over the next two years, according to the new estimates prepared by ALG.

Numerous brands are expected to capitalize on this leasing resurgence, based on the ALG 2011 March/April edition and current high residual values forecasts, which allows them to offer highly competitive monthly lease payments.

(more…)