Market Insights – Cox Automotive Inc.

Leasing Decline Has Short-Term and Long-Term Implications 10/28/2022 Leasing is an important financing option for potential shoppers in the new-vehicle market. New vehicles financed through an auto loan generally have a higher monthly payment. Thus leasing provides an affordable “bridge” to new vehicles for people who cannot afford to purchase outright. Additionally, leasing has been an important option for potential buyers who don’t want to commit to a vehicle, its aging technology, and… Read Article

leasing Market Insights Commentary & Voices

Cox Automotive Leasing Study 07/17/2018 New vehicle leasing peaked in 2016. Since then, the cost advantage of leasing over the average auto loan has decreased, causing the leasing rate to drop and then plateau ever since. This challenge is compounded by the nearly 3.9 million off-lease vehicles expected to re-enter the market in 2018, potentially putting more downward pressure on residual values and causing new vehicle lease payments to rise. This… Read Article

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Affordability 11/06/2017 The average U.S. household owns 1.9 cars, but how much are they really spending on the actual vehicle? In this video, Jonathan Smoke, Chief Economist at Cox Automotive, provides insight into affordability – a key factor that will increasingly influence the automotive market. Check out all of the Top 10 Trend videos to learn more: Millennials Affordability Autonomous Vehicles Used Car Prices Digital Retailing Shifting Consumer Preferences Fixed… Read Article

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