A large percentage of the used cars on the market come from returned leases, with the largest part of those being three year leases. CNN Money cites a poll by R.R. Polk and Company that shows why we may see used car prices shifting into overdrive in the next year or two. Between June and November of 2008 automobile leases fell by 58% across the board... Since that's just exactly three years ago, that's the period that would be feeding returned lease cars into the used car market right now.
Used Car Shortage Makes New Cars the Better Deal
Categories:
Moss Bros. Auto Group News
