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New vehicle lease share up nearly 5 percentage points 

Leasing penetration climbs amid balanced inventories 

Ash Savage

Leasing penetration continued to climb in the first quarter as inventory levels normalized and incentives on electric vehicles inched up.  Leases made up 24.1% of new vehicle purchases in Q1, compared with 19.3% in Q1 2023, according to Experian’s Q1 State of the Automotive Finance Market Report published May 30.  The increase in lease volume […]

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