Lease equity has turned negative for the first time in five years, likely prompting an uptick of lease returns to the wholesale used-vehicle market. The Cox Automotive Lease Equity (CALE) trends metric stood at negative $389 in November compared with positive $361 a year ago, according to Cox Automotive data shared during the company’s industry insights call today. “We’re transitioning back to the historical norm where we see a higher share of lease returns to wholesale, rather than […]
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