Used Crossovers And Trucks Are Flooding The Market As 3.9 Million Vehicles Come Off-Lease
BY Michael Gauthier July 2, 2018
Wards Auto reports there is a “tsunami” of off-lease vehicles hitting the market this year.
According to the publication,
3.9 million vehicles will have their leases end in 2018 and many of them are highly sought-after crossovers, trucks and SUVs. This is due to a combination of factors as the United States has experienced years of record vehicles sales and the crossover craze didn’t kick into high gear until a few years ago. Now, it’s a dominate trend as crossovers, trucks and SUVs are outselling traditional cars by nearly two-to-one.
he trend is expected to continue for at least two more years as Rahim says there will be approximately
4.1 million off-lease vehicles hitting the market in 2019 and another 3.9 million in 2020.
https://www.carscoops.com/2018/07/used-crossovers-trucks-flooding-market-3-9-million-vehicles-come-off-lease/The used car market is going to be great over the next three years.