NOTABLE AUTO LEASING TRENDS FOR MAY

MIAMI – (June 2, 2011) – LeaseTrader.com, the most recognized name in car leasing, announces a few notable auto leasing trends during the month of May. Specifically, demand and takeover of Honda leases was the highest since 2006; Chrysler’s lease popularity is soaring; and “bridge-the-gap” leasing continued to grow in popularity.

Honda Takeovers Rise

In May, Honda vehicle leases such as the Accord, Fit and Civic represented a combined 7.9% of total LeaseTrader.com transactions, up from 4.3% of transactions a year ago and its highest level since November 2006 when Honda represented 6.9% of transactions.

“A lot of the Honda demand comes from car shoppers today looking for shorter-term leases that come with lower monthly payments compared with retail,” said Sergio Stiberman, CEO and founder of LeaseTrader.com.

Chrysler’s Lease Popularity Increases

Chrysler group (Chrysler, Jeep, Dodge) had a successful month on LeaseTrader.com, with takeover demand up 6.8% compared with April as more inventory comes into the marketplace. “Now that Chrysler is leased through Ally Financial, the lease policies are friendlier and flexible which makes leasing a Chrysler a lot more fun again,” added Stiberman.

Bridge-The-Gap Leasing Continues To Grow

A growing number of car shoppers are looking for leases with less than 12 months remaining as a way to bridge the gap and take them into early 2012, when inventory levels on certain models are expected to return to normal, including retail pricing and incentives. The majority of demand in this group is with Toyota, Honda, Nissan and Infiniti.

“We expect demand for leases with less than 12 months remaining to be high on certain models as we move through the summer months,” said Stiberman. “Demand for these leases will return to normal as Japanese manufacturers’ production levels return to normal later in the year.”

Bridge-The-Gap Activity for May:

Brand	Short-term Takeovers	Avg. Months Remaining	Avg. Monthly Price
Toyota	+9.2%	11.6	$312
Honda	+7.6%	10.7	$318
Nissan	+6.1%	10.2	$327
Infiniti	+5.5%	11.8	$415

About LeaseTrader.com

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