There will be about 500,000 additional off-lease vehicles
Will off-lease gains lead to used-car sales replacing new?
Thursday July 6, 2017
There will be about 500,000 additional off-lease vehicles this year compared to last, according to data shared in a media conference call with top analysts from Cox Automotive.
And off-lease volume is only expected to run higher in 2018 and 2019, Kelley Blue Book senior analyst Alec Gutierrez said during the call.
With half-a-million more leases returning to market this year and additional flooding expected the next two years, does that create a situation where used-car sales take away from new-car sales?