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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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Vehicle shipping crisis to extend new car delivery times in Australia

CarExpert

At the height of the previous supply chain crisis, Ford leased a dedicated vessel to expedite the shipment of these in-demand models. At this stage there is no impact on deliveries of Fords most popular models, the top-selling Ranger and Everest , because they are handled by another stevedore company.

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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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