Leasing Hits All-Time High In January

According to Tom Libby, an industry analyst for IHS Automotive,
retail lease penetration climbed to 30.2% this past January,
meaning almost one of every three new vehicles registered
across the industry was leased. This result was the highest
of any January in eleven years, more than double the rate
in January 2009 in the midst of the great recession, and
4.6 percentage points higher than just one year ago.