Leasing gaining ground again among U.S. car buyers

Newswire

By Poornima Gupta DETROIT, July 30 (Reuters) - Auto leasing is gaining popularity again after four years of decline as strengthening used U.S. vehicle prices prompt automakers to offer attractive deals, analysts said on Friday. Leased vehicles accounted for nearly 14 percent of new vehicle sales by Detroit automakers in the second quarter, up from about 8 percent a year ago. Industrywide, leases have accounted for 20 percent of new vehicle sales so far this year, up from 18 percent ...

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