SOURCE: LeaseTrader.com

LeaseTrader.com

February 24, 2010 15:59 ET

Toyota & Lexus Non-Recall Vehicles Maintain Strong Demand on LeaseTrader.com

Vehicle Leases Not on Recall List Show Continued Strength in Demand and Steady Transfer Activity

MIAMI, FL--(Marketwire - February 24, 2010) - LeaseTrader.com, the nation's most popular online marketplace for car leasing, today announced an update on the demand and transfers pertaining to Toyota and Lexus leases not currently covered under recall. LeaseTrader.com data shows continued strength in demand and a steady stream of transfer activity for vehicle models not affected by the recall.

Vehicle Model             Demand (since Jan 1, 2010)      Transfer Activity
Toyota Sienna             +2.4%                           +1.8%
Toyota Yaris              +3.2%                           +3.8%
Toyota 4-Runner           +3.1%                           +4.2%
Toyota FJ Cruiser         -1.6%                           -2.2%
Toyota Land Cruiser       +1.3%                           +2.1%
Toyota Camry*             -3.4%                           -5.6%
Toyota Rav-4*             -2.4%                           -3.8%
Toyota Corolla*           -3.7%                           -5.1%
Toyota Highlander*        -3.5%                           -4.6%
Lexus GS                  +4.2%                           +4.6%   
Lexus GX                  -1.9%                           -1.2%
Lexus IS                  +4.2%                           +3.5%
Lexus LS                  +2.6%                           +1.8%
Lexus LX                  -0.4%                           -1.2%
Lexus RX                  +3.6%                           +4.4%
Lexus SC                  +4.2%                           +3.9%
  
(*denotes partial recall)

To calculate percentage of change for demand and lease transfer activity, LeaseTrader.com used data from January 1, 2010 through February 20, 2010 and compared with demand and transfer figures during the same period in 2009. While all four Toyota vehicles under partial recall show decline in both demand and transfer activity, 9 out of 12 Toyota and Lexus vehicles in the LeaseTrader.com car leasing marketplace show an increase in both demand and transfer activity.

The current recall has so far exceeded 5.3 million vehicles from both Toyota and Lexus, and the company is working with the National Highway Traffic Safety Administration (NHTSA) to identify the exact cause of vehicle problems and implementation of the appropriate solution. "I, more than anyone, wish for Toyota's cars to be safe and for our customers to feel safe when they use our vehicles," said Mr. Akio Toyoda, President and Chief Executive Officer of Toyota, in a prepared statement today in a hearing of the House Committee on Oversight and Government Reform.

Toyota and Lexus vehicles represent approximately 12.3 percent of total inventory in the LeaseTrader.com marketplace. In particular, Lexus maintains a total marketshare of 18.6 percent of all luxury vehicles in the LeaseTrader.com marketplace. The waiting list of people looking to take over an existing Toyota or Lexus lease from the LeaseTrader.com marketplace has declined just 0.6 percent since the beginning of the recall and still maintains a ratio of 2.3 people per every Toyota/Lexus model listing available in the marketplace.

About LeaseTrader.com

LeaseTrader.com easily and affordably matches car shoppers with individuals looking to escape their auto lease. Privately held and founded in 1998, LeaseTrader.com is headquartered in Miami. For more information visit www.LeaseTrader.com, on Twitter @Lease_Trader, or call 800-770-0207.