New Light Vehicle Leasing is Big in 2010
December 20, 2010
New vehicle leasing has had ups and downs over the last five years, but from January to September 2010 the share of leases as a proportion of total new light vehicles sales is over 20%. Last year, as credit grew tight, leasing fell to 16.6%. However, in 2010, all major manufacturers have increased leasing.
Share of Leasing
Leases as a Share of Total U.S. New Vehicle Sales, 2005-2010
| Year | Lease (Share) |
|---|---|
| 2005 | 17.5% |
| 2006 | 19.3% |
| 2007 | 19.5% |
| 2008 | 19.4% |
| 2009 | 16.6% |
| 2010* | 21.1% |
Note
* January through September 2010 only.
Source
Crain Communications, Automotive News, October 18, 2010.