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There will be about 500,000 additional off-lease vehicles

Will off-lease gains lead to used-car sales replacing new?

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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?

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