Fact #269: May 26, 2003
Leasing Rate Is Up in 2002
The number of new lease transactions, as a percentage of new vehicle retail transactions, was 31.5% in 2002, according to CNW Marketing/Research. The 2002, lease penetration rate tied with those in 1997 as the all-time high in leasing.
U.S. Market Lease Penetration Rate, 1985–2002
Supporting Information
| Year | Percentage |
|---|---|
| 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, as shown in Ward's Automotive Yearbook 2001, p. 293 | |
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