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After the recession began, it is difficult for leasing options to continue to benefit as the credit is not extended. As the economy is still improving, Michigan Chevrolet dealers watch as the choice of leasing began to grow again.
DETROIT, M.I. – Michigan Chevrolet dealer may have seen a decline in traffic as customers visit to rent a vehicle stopped going to the dealer. After the recession and the credit, being extended is no longer available, lost his place in the line rental in the automotive industry. But there is good news. Customers who rent may see a rapid increase in the rental option as The Detroit News said the auto rental back to the highest level since 2005.
“That’s good news for consumers interested in leasing because sometimes offer lower monthly payments plus a new car every few years. Automakers and dealers like leasing because the drive sales and make customers come back to the showroom,” says The Detroit News in the last article. Also, with increasing value on used cars, lenders do not worry about return on investment as a strong resale value.
Michigan Chevrolet dealers like Mark Chevrolet in Wayne, Mich. says that dealers are evolving. Casey Cabana, a sales manager at Mark Chevrolet, said the vehicle leasing has become the number one dealer in a drive to traffic to the showroom.
Leasing rates for March
• 21 percent of total new car sales for the industry
• 14.2 percent of total new car sales for General Motors
• 16.9 percent of total new car sales for Ford Motor Corp.
• 15 percent of total new car sales for Chrysler Group
• 29.1 percent of total sales of Nissan’s new car
Industry experts say that 25 percent is the average healthy for the industry in terms of volume of lease, but warned of car rental prices are not lower to the level of sales figures to be increasing. This can only hurt the industry in the long run.