It’s not just that. There’s first off a glut of cars out there.
Secondly, the cars made have better warranties and quality, so people are keeping them.
Third, price of gas is down so people are buying the SUVs.
4th, economy may be picking up, but it’s not just cars, I think people are still holding off on big purchases.
I’m leasing a Lexus. It due in September. First time I’ve done this, and it’s great, but what do I do come September? Any one have some advice?
Turn it in and walk away. FAST.
They will hogtie you in the showroom to get you to do it again...................
The certified warranty on off-lease used cars is often better than the warranty on the same car new, which is increasing demand for late model used and likely depressing new car sales, just my opinion.
In my vicinity new house construction has picked up sharply and resales that are in move in condition and priced right are selling more quickly than at any time in the past two decades. I suspect new vehicle sales are suffering due to reining in spending elsewhere after purchasing a house, too.
Give them a low ball offer on the car. Take it or leave it!