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Leasing Penetration at the Highest Level in 24 Months According to 3rd Quarter Numbers

According to the most recent ALG data, leasing penetration rose to almost 20% in the 3rd quarter of 2010.  Main factors that contributed to this is the fact that domestic manufacturers have re-entered the leasing business in their post-bankruptcy era, meanwhile Honda and Toyota have sharpened their focus on leasing as well in 2010.

The luxury brands who survive off high lease penetration only saw about a 5% increase according to ALG raising their number to approximately 40%, but the real growth has come from outside the luxury brands.

John Paul Strong

John Paul Strong combines his two decades of automotive marketing experience with a team of more than 140 professionals as owner and CEO of Strong Automotive.

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