Hot on the Lot: Leasing a Used Car; As inventories of preowned vehicles rise, dealers look to buyers who don't qualify

Sales of used cars rose 7% in the first quarter, according to the National Automobile Dealers Association, but wholesale pricing fell during each of those months verus 2015, Manheim Consulting data shows. The typical used-car lessee has a 635 credit score, 80 points lower than a new-car buyer, accor...

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Bibliographic Details
Published inThe Wall Street journal. Eastern edition
Main Authors Gautham Nagesh; John D. Stoll, Gautham Nagesh, Stoll, John D
Format Newspaper Article
LanguageEnglish
Published New York, N.Y Dow Jones & Company Inc 11.04.2016
Subjects
Automobile dealers
Automobile sales
Finance companies
Inventory
Leases
Leasing
Used automobiles
Vehicles
Los Angeles California
United States > US
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Summary:Sales of used cars rose 7% in the first quarter, according to the National Automobile Dealers Association, but wholesale pricing fell during each of those months verus 2015, Manheim Consulting data shows. The typical used-car lessee has a 635 credit score, 80 points lower than a new-car buyer, according to Experian PLC, which produces credit reports.
ISSN:2574-9579