Alg Forecasts Significant Rebound for Automobile Leasing From 2011 Through 2015 ; Land Rover and Hyundai Poised to Reap Biggest Gains Amongst Luxury and Mainstream Brands Based On Forecasts

U.S. Newswire › March 03, 2011

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SANTA BARBARA, Calif., March 3, 2011 /PRNewswire/ -- ALG, a subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK) and the industry benchmark for residual values and depreciation data, today announced that it expects a significant resurgence in the automobile leasing market in 2011 that will continue through 2015. The luxury market is predicted to lead the charge with a lease penetration rate of nearly 43 percent by 2012, while lease penetration in the mainstream market will increase to 17.5 percent over the next two years.

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Alg Forecasts Significant Rebound for Automobile Leasing From 2011 Through 2015 ; Land Rover and Hyundai Poised to Reap Biggest Gains Amongst Luxury and Mainstream Brands Based On Forecasts

Numerous brands are expected to capitalize on this leasing resurgence, based on the ALG 2011 March/April edition and current high residual values forecasts, which allows them to offer highly competitive monthly lease payments. The luxury br...

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