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Whether you call it a micro-lease, a subscription, or long-term rental, flexible, turnkey vehicle access without any long-term commitment now dominates personal transportation in Europe. Perhaps there is a clear link between the substantial percentage of vehicles in subscription/long-term rental service and the growth of EVs.
Interest Rates and Their Impact: Automotive Market & Leasing Trends 2024 Borrowing costs are deterring many potential buyers, and the previously red-hot job market is beginning to cool. By clearing out excess stock through leases, dealerships can lower their floorplan expenses.
The fact we’ve accommodated (new EV buyers) on that front is great. As interest and personal preference change, they may shift from one brand to another, but we think the car business is a really stable, long-term business. We make sure we always have them in stock.” Auto is a pretty big mature category.
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