MIAMI – (July 7,
2011) – LeaseTrader.com, the most recognized name in car leasing, says
demand for mid-size trucks and SUV leases has rebounded in just a short time
since gas prices have fallen from their springtime highs around $4 per gallon.
The Energy Department's Energy Information Administration
said this week that national gas prices have dropped approximately 46 cents
since early May, currently sitting near $3.50 per gallon. Gas prices have been
a largely discussed topic since February when they rose sharply, peaking at a
national average of $3.97 in early May. Demand for vehicle leases in the
mid-size truck and SUV category on LeaseTrader.com has risen an average of 8.3
percent compared with June 1 levels.
“Throughout spring when gas prices rose sharply, the
anticipated ascension of fuel-efficient vehicle demand came to fruition,” said
Sergio Stiberman, CEO and founder of LeaseTrader.com. “But interest in mid-size
trucks and SUVs was more prevalent than in 2008 because of a stable economy.
With gas prices easing off their highs, car lease shoppers have started to
inquire about truck and SUVs feeling less financial pressure at the pump.”
Percentage of category demand increase:
|
Mid-size
Truck/SUV
|
Demand
Feb – May
|
Demand
Since June 1
|
|
Honda
CRV
|
-3.6%
|
+10.2%
|
|
Ford
Edge
|
-2.3%
|
+9.8%
|
|
Nissan
Pathfinder
|
-4.2%
|
+9.4%
|
|
Toyota
Highlander
|
-4.6%
|
+8.1%
|
|
Mazda
CX-9
|
-3.3%
|
+7.6%
|
|
Ford
Explorer
|
-2.2%
|
+7.5%
|
|
Ford
F-150
|
-1.6%
|
+6.3%
|
|
Chevy
Silverado
|
-1.7%
|
+5.8%
|
Source:
LeaseTrader.com Marketplace
About LeaseTrader.com
LeaseTrader.com, the most recognized name in car leasing,
easily and affordably matches car shoppers with individuals looking to escape
their auto lease. Visit www.LeaseTrader.com,
on Twitter @Lease_Trader, or call
800-770-0207.
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