SOURCE: Swapalease.com

Swapalease.com

October 08, 2013 09:34 ET

Green/Hybrid Car Leases Show Most Year-Over-Year Increase

Eco-Friendly Segment of Cars Biggest Increase in September Activity on Swapalease.com Market

CINCINNATI, OH--(Marketwired - Oct 8, 2013) - Swapalease.com, the nation's largest car lease marketplace, offers insight into which car and truck lease segments are in demand based on year-over-year changes in inventory listings. Cars in the Green/Hybrid segment led all categories in September, rising 66.7% from year-ago levels.

Swapalease.com is an online marketplace that allows drivers to list their vehicle leases for the purpose of finding another individual to take over the remaining portion of the contract. The marketplace can identify vehicle leases in demand by measuring the amount of listings and transfer activity compared with previous months and years.

Car manufacturers have rolled out more car lease options in the Green/Hybrid category over the last few years, and consumers have responded with more interest. Manufacturers and dealers have also introduced more attractive lease programs on these vehicles, which helps to explain the rise in transfer activity for these vehicles.

Vans lead all segments on the decline with a -37.5% change from year-ago levels. Convertibles are next showing a -7.1% change in the inventory/transfer levels, although this segment usually sees negative shifts this time of year due to seasonality patterns. Interestingly enough, trucks are third lowest with just a 4.8% change from a year ago, despite higher overall interest in consumer shopping for trucks.

"Since the recession we've seen a steady rise in the number of Green/Hybrid vehicles in the Swapalease.com marketplace," said Scot Hall, Executive Vice President of Swapalease.com. "We anticipate this trend to continue in the near term, particularly with the strong emphasis on lease deals for these eco-friendly vehicles."

Here is the complete picture of all segment changes comparing September 2012 with 2013.

   
Segment 12 M Chg
Green/Hybrid 66.7%
Sport 45.0%
Wagon 39.0%
Coupe 25.4%
Compact 11.7%
Sedan 6.2%
SUV/Crossover 4.8%
Truck 4.8%
Convertible -7.1%
Van -37.5%
   

About Swapalease.com:
Headquartered in Cincinnati, Ohio, Swapalease.com is the world's largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically Swapalease.com matches individuals who want to get out of their lease with people who are looking for short-term lease agreements. For more information about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.

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