There’s a perfect storm of conditions coming together to ensure that car buyers can walk away with the deal of a lifetime on a late-model used car.
It began in 2014, when automakers wanted to jump-start their sales by offering crazy low lease terms to lure folks into dealerships. It worked and new car sales and leases have increased steadily until this year.
The momentum of new car sales is starting to slow, partly because the cars leased in 2014 and 2015 are now coming off lease. In fact, an estimated 12 million low-mileage vehicles will come off lease by the end of 2019. Continue reading >>>