Fact #299: December 22, 2003
Light Vehicle Leasing Is on the Rise Again
Leasing of light vehicles in the United States grew to 31.5% in 1998. After declining in 1999 and 2000, the lease penetration rate again grew to 31.5% in 2002.
Light Vehicle Market Lease Penetration, 1985–2002
Supporting Information
| Year | Light Vehicle Market Lease Penetration Rate (%) |
|---|---|
| 1985 | 3.5 |
| 1990 | 7.3 |
| 1995 | 24.2 |
| 1996 | 27.2 |
| 1997 | 29.3 |
| 1998 | 31.5 |
| 1999 | 29.1 |
| 2000 | 28.7 |
| 2001 | 29.2 |
| 2002 | 31.5 |
|
Source: CNW Marketing Research | |
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