Car leasing companies switch focus to used vehicles
(Google title for article)
Growth in hire finance schemes driven by slowdown in new car sales
But as new car sales slow and long-term leases come to an end, industry experts are worried that a glut of used vehicles could soon flood the market, putting downward pressure on prices.
..management at Cox Automotive, which owns Manheim, one of the world’s largest auto auctions companies, have doubts about the viability of used car leasing.
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