Dealers can now access information on vehicles that will be coming off lease and understand what impact they might make on the used vehicle market.
Experian Automotive announced it has come out with its Vehicle Lease Maturity Report in which dealers can locate info on the vehicles returning to market by year, make and model by geographic area.
“Lease rates have continued to rise and set record highs. However, the result is an influx of late-model off-lease vehicles,” said Melinda Zabritski, senior director of Automotive Finance for Experian, in a written release.
“We designed the new report to help industry professionals understand how many vehicles will be coming off lease by make, model and geography. This type of information helps to manage everything from inventory, resource allocations, incentives and valuations to overall marketing execution,” said Zabritski.
In the U.S. lease maturities are expected to reach 3.1 million vehicles in 2016, added Zabritski.
The company said it will discuss the leasing market and other auto finance trends in its quarterly State of the Automotive Finance Market Webinar on March 3.
