LeaseTrader.com: Sales Up for Tow Vehicles
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% compared with June 1 levels. The trend bodes well for the recreation vehicle industry, which has seen a jump in lightweight trailer sale capable of being towed by smaller trucks and SUV’s.
“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.”
This story posted by LeaseTrader.com, the automotive service company that lets people transfer out of their Car Leases early. If you're looking to swap a lease or transfer out of your car lease, please visit www.leasetrader.com