Edmunds.com just released a report confirming what Ruggles and I have been touting for several years. The dramatic pullback in new car leasing has resulted in a shortage of off-lease vehicles entering the auction lanes.
As a result, the decrease in used car supply has strengthened their current values and private owners are finding themselves in a stronger equity position.
Whether this will lead to lenders' return to leasing remains to be seen. However, it bodes well for everyone the current automotive market.
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