Related: Lease Approvals Tumble in June
Lease Activity Up in Second Quarter
Leasing activity was up in the second quarter of 2018, due in part to a growing use of lease incentives.
August 17, 2018
Within the swapalease marketplace, brands such as Buick, Volkswagen, and Infiniti saw improved search traffic while brands such as GMC, Lexus, and Subaru saw a decline in search traffic.
Courtesy of Swapalease.
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Leasing activity was up in the second quarter of 2018, due in part to a growing use of lease incentives, according to a report from Swapalease.com.
Within the swapalease marketplace, brands such as Buick, Volkswagen, and Infiniti saw improved search traffic while brands such as GMC, Lexus, and Subaru saw a decline in search traffic.
Swapalease expects leasing activity to continue to grow through the rest of the year.
One trend identified during the second quarter was smaller odometer readings in lease returns. Smaller readings indicate that people may be looking to get out of their leases earlier, noted Swapalease.
Should this trend continue, there may be a carryover to the auction business, translating into vehicles being put up for auction having less mileage on them.
The average price for a lease during the second quarter was $487.51 a month, a figure that was down slightly from the $495.83 that was reported in the first quarter of 2018.
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