Tag Archives: leasing

TO THE EDITOR: As a much acclaimed chair of the Federal Reserve Board and chief economic adviser, Janet Yellen, President-elect Joe Biden’s nominee to become the next secretary of the Treasury, has received many accolades and press attention. Nevertheless, her critical role in protecting consumer vehicle leasing from a required …

Auto loans, which are historically less expensive to incentivize, received the most aggressive offers this spring from captive finance companies, with no-interest, seven-year loans driving new-vehicle sales in the early days of the pandemic. Leasing levels concurrently fell industrywide, according to J.D. Power data, and remain below prior-year levels. The …

Leasing, which comprises nearly one-third of new-vehicle sales, dropped in April to the lowest levels since 2015 as the coronavirus pandemic collapsed the top two leasing markets in the country and automakers saturated the market with loan incentives. Rising customer demand prompted automakers to pull back on many of those …