Executive Automotive Analyst
NADA Used Car Guide
New vehicle sales have returned to pre-recession levels, used vehicle supply ― especially off-lease supply ― is quickly recovering. Personal lease volume improved by about 9% to 3.14 million units in 2014 and commercial leases added another 500,000-plus units. That makes for the highest figure since 1999’s record high of 3.3 million units. The number of personal leases set in 2015 should surpass this figure by landing somewhere in 3.3 to 3.4 million range.
Seeing Rapid Rise in Leasing Combined with Program’s Shorter Holding Cycle:
Volume growth for younger models will rise more dramatically than it will for older vehicles.
Off-Lease Supply Should Rise 20% to 2.35M Units this Year:
Retail supply should increase by more modest 7%, and off-rental supply up by only 1%.
Prices of Used Vehicles Up to 8 Years Old Should Drop 2% to 2.5% from 2014:
Subcompact, compact, and mid-size cars should suffer the most this year in prices.