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Wednesday
Apr062011

Auto Leasing Returning to 2005 Numbers

Comstock/Thinkstock(NEW YORK) -- Another sign that the economy is slowly improving comes from the auto industry where apparently leasing new cars is in again.

Leasing a new car over buying one is an option that all but disappeared during the banking crisis. But about a year ago, as credit began to loosen up, car dealers sensed an upward trend with more customers attracted to leasing deals. Now, auto leasing is back to levels seen six years ago. It accounted for a reported 21 percent of new car sales last month.

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