Eco-Friendly Segment of Vehicles Biggest Increase in Activity on Swapalease.com Market
CINCINNATI, OHIO (October 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. Vehicles 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 leases in demand by measuring the amount of listings and transfer activity compared with previous months and years.
Car manufacturers have rolled out more 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. Prospective buyers can search the listings for the exact vehicle they want, and then register for a nominal fee, allowing them to use Swapalease.com’s safe online system to contact the prospective seller and close the deal. 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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