Low dealership stock and a lack of affordable deals have pushed more Americans to buy rather than lease their next car
Vehicle leasing—once a path for nearly one-third of American buyers to get behind the wheel of a new car—has faded since the pandemic. Now it is likely to be years before the U.S. lease market returns to normal, executives and analysts say.
The leasing falloff is largely tied to the vehicle shortage that has plagued the car business for more than two years. Auto makers generally make more money selling cars outright, rather than leasing them, which typically involves a heavier subsidy from the manufacturer. With inventory constrained, car companies have significantly dialed back attractive lease deals that had been a staple of auto retailing.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
'This isn't trivial': Applying for welfare benefits is too difficult, low-income Americans sayLow-income Americans are struggling to obtain help from state governments when they most need it, facing long delays and sometimes insurmountable hurdles when applying for social safety net programs, according to a new report.
Les mer »
Americans struggling to make car payments is highest since Great RecessionCar repossessions are on the rise as more consumers fall behind on their payments amid an inflation crisis that has squeezed millions of U.S. households.
Les mer »
New unemployment claims number shows job market resilienceThe number of Americans filing unemployment claims remains extraordinarily low — and signals the opposite of a recessionary jobs market.
Les mer »
One person hurt in car-to-car freeway shooting in StocktonOne person was wounded in a car-to-car shooting on Interstate 5 in Stockton Thursday night.
Les mer »
Corvette Z06 GT3.R Breaks Cover in Daytona at Rolex 24Car will be Chevrolet's flagship customer car for the IMSA WeatherTech SportsCar Championship.
Les mer »
House passes GOP bill limiting Biden reserve sales and requiring oil leasingHouse Republicans passed legislation Friday to limit President Joe Biden from selling oil from the emergency stockpile and tying sales to increased domestic fuel development, a rebuke of the administration's energy policies.
Les mer »