New car leasing in the States increases to 20 percent of all 2011 sales

New car leasing in the States increases to 20 percent of all 2011 sales

The 2012 Used Car Market Report has recently informed that a new light-vehicle leasing in the U.S. managed to increase to 20 percent of retails sales in 2011, which represents one procent higher as compared to the year 2010. It appears that the new car industry has adopted an efficient approach towards leasing and it constitues of projecting realistic end-of-lease resale vehicles, as well as leasing new cars to buyers with good credit and who truly enjoy changing their vehicles regularly. Overall leases rose 17 percent as compared to 2010 to 2.1 million units last year, as well as a striking 85 percent more than 2009's 1.14 units, a period when the buyers found themselves in full recession. According to Manheim, the aftermath of the recession is still visible nowadays and it is a real fact that off-lease vehicles' numbers will continue to face a decline, resulting in lower numbers of low-mileage used vehicles and thus increasing their resale value. The preliminary data released by the National Auto Auction Association show that 2011 used car auctions have faced the fourth year of decreased sales, to less than 7.8 million vehicles, confirming this estimate. In contrast to dealer-owned used cars that rose 10 percent, the sales of ex-lease vehicles from rental fleets and other commercial sellers fell by 20 percent. In total, compared to 2010 and 2009, dealer-owned vehicles accounted from 55 percent of vehicles sold at 2011 NAAA auctions last year, a 10 percent increase.


New car leasing in the States increases to 20 percent of all 2011 sales image New car leasing in the States increases to 20 percent of all 2011 sales image