Dealers Brace For The Next Pandemic-Related Supply Issue: Fewer Lease Returns
Carscoops
JULY 1, 2024
Certified pre-owned cars will also see a reduction in supply as fewer lessees turn in vehicles to dealers. The number of lease turn-ins—crucial for new vehicle sales, certified pre-owned programs, and customer retention—will plummet. In 2021, leasing rates went from one in three to one in six. Power’s Jominy.
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