2014

Which States Gaining & Losing The Most Vehicles? Swapalease.com Vehicle Relocation Trends Based On Customer Patterns

CINCINNATI, Nov. 8, 2012 /PRNewswire/ -- Online automotive marketplaces have altered the geographic makeup of vehicle inventory from state to state. With people changing vehicles with each other, which states are adding cars and losing them? According to data from Swapalease.com, patterns have begun to emerge in certain states and regions.

The top state that has more cars entering is Michigan, with 287.5% more cars entering the state as opposed to leaving. According to Swapalease.com customer transfer data, Michigan is tops for cars being imported from nearby states and others as far as California and Florida. New Jersey is second highest, with 122.4% more cars entering compared with cars leaving the state, and New York is third at 82.1% more entering.

Scot Hall, Executive Vice President of Swapalease.com, commented, "The import numbers for New Jersey and New York could grow significantly in the near term, as vehicle inventory from other regions are brought in to satisfy replacement demand from vehicles destroyed by Hurricane Sandy. Other states high on the list such as Michigan speak to the extremely low in-state inventory levels in the marketplace."

Illinois leads all states seeing vehicles exit the state, with 181.3% more vehicles departing compared with entering the state. States like Illinois and Maryland (150% more departures and second on list) simply have a surplus of inventory in the marketplace, while other exit-heavy states like Texas (147% more departures) and Florida (24.1%) have vehicles in good condition from warm weather sought after by drivers in other states.



Top States Entering

% Difference

Michigan

287.5%

New Jersey

122.4%

New York

82.1%

Massachusetts

46.2%

Arizona

33.3%

California

28.2%

Pennsylvania

8.3%



Top States Exiting

% Difference

Illinois

181.3%

Maryland

150.0%

Texas

147.0%

Colorado

80.0%

Washington

60.0%

D.C.

40.0%

Minnesota

33.3%

Florida

24.1%

Ohio

20.0%



About Swapalease.com:

Headquartered in Cincinnati, Ohio, Swapalease.com is the world's largest automotive lease marketplace and the pioneer in facilitating lease transfers online. More specifically Swapalease.com matches individuals who want to get out of their lease with people who are looking for short-term lease agreements. Prospective buyers can search the listings for the exact vehicle they want, and then register for a nominal fee, allowing them to use Swapalease.com's safe online system to contact the prospective seller and close the deal.

For more information about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com

SOURCE Swapalease.com



RELATED LINKS
http://www.swapalease.com

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