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

Carscoops

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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Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

By looking at industry trends and data, auto dealers are empowered to navigate today’s evolving automotive market and adapt to changing customer buying behaviors. With customer demand still high, these economic indicators and shifts away from captive financing could lead to losses, especially when it comes to brand and dealer loyalty.

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