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Dealers Brace For The Next Pandemic-Related Supply Issue: Fewer Lease Returns

Carscoops

In 2021, new-car leasing rates fell from one in three to one in six, reducing the number of buyers as leases end. Certified pre-owned cars will also see a reduction in supply as fewer lessees turn in vehicles to dealers. Automakers and their financial partners face a challenging future as the off-lease vehicle pool shrinks.

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Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

One of the biggest keys to success for dealers in the automotive industry is to consistently keep up with their buyers’ preferences. According to S&P Global , half of households who originally purchased their garaged vehicle acquired the same brand when they returned to market, versus 63% of lessees. make loyalty, respectively).

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