Around 3.1 million off-lease vehicles will be coming back in 2016, up 20% from 2015. Manheim forecasts those numbers will continue to grow in 2017 and 2018.1 If they all go back to the auctions, supply could exceed demand, resulting in significantly lower used car prices, which may affect residual values. What can dealers do to mitigate against this potentially difficult environment?
Cox Automotive analysis shows that CPO leasing can create brand loyalty because it provides car shoppers another option when getting into the market. Learn more in this download.
