Top 10 cars with highest share of leasing market
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SCHAUMBURG, Ill. –
Take a guess. Which vehicle had the largest share of the new-vehicle lease market in the fourth quarter?
The answer: the Honda Civic, which comprised 3.2 percent of all new-car leases, according to an infographic shared by Experian Automotive.
Next up was also a Honda: the Accord with a 2.6-percent share. Two Toyotas followed (Camry at 2.5 percent, RAV4 at 2.4 percent), then the Ford Escape and Honda CR-V were tied for fifth with 2.2-percent shares of the new lease market.
Rounding out the top 10 were the Ford Fusion (2.1 percent), Toyota Corolla (2.1 percent), Chevrolet Silverado 1500 (1.9 percent) and the Nissan Altima (1.9 percent).
In the same infographic, Experian points out that leases represented 28.87 percent of all all new vehicles purchased in the fourth quarter. This was a record high and up from the 25.11 percent share in Q4 2014.
The average term on a new lease is 36 months, Experian said.
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All told, just over 64 percent had leases that were 25 to 36 months; 26.64 percent had leases between 37 and 48 months; 8.77 percent signed leases for 13 to 24 months; and a marginal amount (0.49 percent) had leases between 49 and 60 months, according to the firm.
