Vehicle Value

car-loan_1The nation’s second largest auto lender wrote off an annualized 1.37% of its outstanding auto loans in Q3, up from 1.01% in Q2. Why? Used car prices are falling for the first time since 2008 as the number of cars coming off leases in 2016 is expected to reach 3.1 million, up 33% from 2015. In 16Q2, leasing accounted for 31.4% of all new-vehicle sales compared to 13.5% in 09Q2.

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  1. Elliot
    Could please in more detail explain to me why you think there is more lease vehicles today versus seven years ago. As a consumer who leases one vehicle out of two used in a two-party relationship; we use the lease vehicle as the one least traveled & more luxurious in terms of features while using the second one as the workhorse vehicle. Your thoughts would be appreciated.

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