New Vehicle Lease Terminations:
The number of lease returns in 2013 is likely to climb by nearly half-a-million units year-over-year, according to Edmunds.com, which expects more than 2.5 million leases to reach end-of-term this year.
New Vehicle Days’ Supply:
December’s strong sales performance removed twelve days of inventory to bring the overall days’ supply down to 58 at the end of the month. On an annual basis, overall days’ supply grew by five days compared to 2011 to an average of 60 days, says NADA Used Car Guide.
Certified Pre-owned Vehicles:
Last year, there were 1.83 million CPO vehicles sold in the US – the most ever and more than 92,000 units sold in 2011, according to Autodata Corp.
Gasoline Price Forecast:
In 2013, drivers can again expect gas prices to spike in the springtime, according to GasBuddy, with a national average of $3.95 per gallon expected in April and $3.85 forecast for May. They’re expected to retreat in fall and early winter, though the low reached in December 2012 of $3.25 nationwide isn’t expected in 2013 – the low point this year should be a bit higher.
House Prices as Indicator of Consumer Confidence:
Home prices rose 7.5% last year, their largest increase in six years, and will rise 6% in 2013, market research firm CoreLogic predicted. It’s driven by improved housing demand fueled by good affordability, fewer foreclosed homes for sale and a low inventory of unsold homes.