07/21/2019

Low-Mileage Off-Lease Vehicles Hitting Used Car Lots

Source: Fleet Management Weekly

The replacement vehicles that  buyers are after, will most likely be found on used car lots, as a deluge of lightly used, lower-mileage vehicles come off lease.

These used vehicles are not that old, they comprise the styles, i.e. sport-utilities, crossovers and trucks.They also have many of the technology features that buyers want.

“Limited sales during the recession mean that older cars are scarcer, and thanks to record sales and leasing during the recovery, the typical used vehicle is looking more like a late model-year SUV with low mileage and lots of great features,” said Ivan Drury, Edmunds’ senior manager of industry analysis.

Read the article at The Detroit Bureau.