Susan Tompor Detroit Free Press Published 6:00 AM EST Jan 13, 2019 The warnings flashed a few years back: 2019 was to be a year of the "lease tsunami." A glut of cars, trucks and SUVs leased a few years ago are set to come off three-year leases and return to dealer lots, driving down used car prices. In 2019, we're expected to hit a peak of 4.1 million returns of leased vehicles. The threat of a tsunami remains but so far experts say the impact might not be dire as experts and Wall Street analysts initially forecast. Used car prices look like they might be able to hold up fairly well, as the job market remains strong and the U.S. economy continues to grow. "What we're seeing is we've got a hot economy and all these off lease vehicles are being absorbed," said Charlie Chesbrough, senior economist for Cox Automotive. Cox owns car-shopping websites including Kelley Blue Book and AutoTrader. Sure, risks remain. Wild swings … [Read more...] about Car lease deals, used car sales could be hurt by tax refunds
Best luxury suv lease deals
When Santa Brings a Car, They’ll Need a Bigger Tree
By Brian J. O’Connor, New York Times Updated 11:13 pm CST, Tuesday, December 25, 2018 Amber Kingaard-Hughes, who runs King Size Bows, finishes an enormous bow while her husband, Jesse, works on another one. Amber Kingaard-Hughes, who runs King Size Bows, finishes an enormous bow while her husband, Jesse, works on another one. Photo: Kendrick Brinson / New York Times Photo: Kendrick Brinson / New York Times Image 1 of / 1 Caption Close Image 1 of 1 Amber Kingaard-Hughes, who runs King Size Bows, finishes an enormous bow while her husband, Jesse, works on another one. Amber Kingaard-Hughes, who runs King Size Bows, finishes an enormous bow while her husband, Jesse, works on another one. Photo: Kendrick Brinson / … [Read more...] about When Santa Brings a Car, They’ll Need a Bigger Tree
Cars, SUVS that are most likely to have year-end deals
Mark Phelan Detroit Free Press Published 7:00 AM EST Dec 15, 2018 Matching his and hers cars topped with satin bows may be a bigger fairy tale of Christmas than “Grandma Got Run Over by a Reindeer,” (Grandpa did it. It’s always the husband. How long does “Law & Order” have to run for you to catch on?) but the end of the year is a good time to shop for deals, and some pretty good used cars may be among the best this month. Late-model BMW 3-series, for instance. A study by iseecars.com, a car-buying research site with data on millions of vehicles, predicts that more than half of 1- to 5-year-old 3-series sold this month will go for at least 5 percent below their market value. The website analyzed 2.4 million car sales from 2015 through 2017 to determine vehicles’ market price and make the predictions. See the full study on best year-end used car deals. “At the average used car price of $20,243, savings of 5 percent total a … [Read more...] about Cars, SUVS that are most likely to have year-end deals
Full-size pickup prices soar, average buyers priced out
Jamie L. LaReau Detroit Free Press Published 6:00 AM EDT Oct 4, 2018 Please add video Truck enthusiasts Ernest Johnson and Mike Herron couldn't be more different. Johnson, 80, lives in Pontiac. He retired from General Motors in 1999 where he drove a tractor-trailer delivery truck for 35 years. Meanwhile, Herron, 65, lives in Durant, Oklahoma, about 50 miles north of Dallas. He owns four businesses and is a real estate investor who has driven BMW sports cars for the past decade. Yet, each paid an amount equal to that of a small house to buy new 2019 GM pickups. "The price is a little high, but with all the technology on it, I guess it's worth it," said Johnson. "But, in the future, it's something a lot of people won't be able to afford." More: F-150, Ram, Silverado: 'The best 3 trucks ever built' go to war More: General Motors' new trucks are trickling to consumers, selling fast Johnson paid … [Read more...] about Full-size pickup prices soar, average buyers priced out