How a lack of off-lease vehicle is hurting the used market
Auto Service World
NOVEMBER 13, 2024
The Canadian used vehicle market is facing a significant supply shortage of younger off-lease vehicles, expecting to negatively impact the used sales market. This trend is expected to persist through 2027, according to DesRosiers Automotive Consultants. Off-lease vehicles are a key source of product for the used car market. They are influenced by three main factors: Historical new vehicle sales, the percentage of those sales made through leases and the rate at which consumers buy out their lease
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