Sales

2-year leases take off at Toyota

ToyotaCare, which provides free maintenance for the first two years on lease and purchase vehicles, is a big draw for consumers. (BLOOMBERG)
June 30, 2014 05:00 AM
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Keeping it short
At Toyota and Chrysler, 2-year leases are increasing as a percentage of total lease business, while Ford and Nissan are swinging away from them.
 2-year leases as % of lease portfolio March-May 2014Change in share from trailing 12-month average
Ford21%-10%
Chrysler17%33%
Toyota15%142%
Nissan11%-21%
Industry average9%-1%
GM6%-19%
Honda2%-3%
Source: TrueCar; includes captive-finance and third-party lease deals
RETAIL01_306309989_H2_-1_YCEEIPNJCUHD.jpg Maroone: "Cost advantage"

LOS ANGELES -- Toyota is seeing a strong shift into two-year leases this year, a trend that promises quicker customer turnarounds and fuller used-car inventories down the road.

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