Cal Automotive lease return rate climbs to 20%
Cox Automotive Lease Equity Position averaged at $6,600 in positive equity
Cal Automotive’s lease return rate is climbing after plummeting last year due to elevated used-vehicle values, allowing the New Jersey-based indirect auto lessor’s parent company, Auto Lenders, to tap into more off-lease inventory to fill retail stores. Cal Auto’s lease return rate sits at about 20%, down from about 59% prior to the pandemic but […]
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