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Car and truck leases plummeted in 2022. Three years later, Edmunds expects leased vehicles to make up only 18% of used car sales in 2025, the lowest figure since the Great Recession era.
The car and truck market is about to get worse, and not just because of tariffs. New car sales bottomed out in 2022, the peak year of COVID-19-era shortages that hobbled assembly lines.
This all happened on March 8 when “the sign was severely damaged when a car fleeing from police crashed into the sign on March 8, 2024,” it said in a letter published in a recent Rose Hill ...