RVI Reports Slight Dip in Leasing Penetration

Stamford, Conn.—According to RVI Group's third quarter RVI Risk Outlook, the lease penetration rate dipped slightly from the first quarter to the second, but remains strong when compared to overall historical levels, reports AutoRemarketing.

by Staff

October 3, 2006

1 min to read

Stamford, Conn.—According to RVI Group’s third quarter RVI Risk Outlook, the lease penetration rate dipped slightly from the first quarter to the second, but remains strong when compared to overall historical levels, reports AutoRemarketing.

RVI found that used-car prices continued the trend of year-over-year increases in August, rising .3 percent in 2006 on top of a 6.1 percent year-over-year increase last August. RVI predicted the rise in prices would continue through the first half of 2007, pushing residual values higher.

The company expects supply to increase in the third quarter and to continue rising through 2008, putting downward pressure on prices beginning in 2007.

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