Consumers are leasing nearly one of every three new cars manufactured in the U.S. — record levels that are keeping industry sales at all-time highs. Leasing accounted for more than 31 percent of new car transactions in the first half of 2016, according to the latest available data from Experian Automotive.
Some Cars.com editors joined Mark Williams, editor of sister site PickupTrucks.com, along with others to put five midsize pickup trucks through their paces for the 2016 Midsize Pickup Truck Challenge.
After three years of decline, U.S. customer satisfaction with vehicles is up in 2016, a survey shows. Customer satisfaction with vehicles was up 3.8 percent to a score of 82, on a scale of 100, according to the American Customer Satisfaction Index.
In addition to margin and volume pressure, Automotive News reports that luxury-brand dealerships are experiencing a potential drag on values because of the pressure from some luxury-brand automakers to upgrade stores to new image requirements.
It's been a familiar refrain: In 2016, used-vehicle prices would drop because of the increased supply of off-lease vehicles. But, according to Automotive News, that hasn't happened.
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