Experian Automotive announces industry's first product to help successfully address the rapid influx of vehicles coming off lease
New Vehicle Lease Maturity Report™ provides insight into when, where and which vehicles are returning to market
SCHAUMBURG, Ill., Feb. 25, 2016 /PRNewswire/ -- Experian Automotive today announced a new report that provides key information on vehicles that will be coming off lease. The first of its kind, the Vehicle Lease Maturity ReportTM enables industry professionals to analyze vehicle inventory proactively and be more strategic in all aspects of the leasing market.
"Lease rates have continued to rise and set record highs. However, the result is an influx of late-model off-lease vehicles. In fact, lease maturities are expected to reach 3.1 million vehicles in 2016, which is up from 2.3 million last year," said Melinda Zabritski, senior director of Automotive Finance for Experian. "We designed the new report to help industry professionals understand how many vehicles will be coming off lease by make, model and geography. This type of information helps to manage everything from inventory, resource allocations, incentives and valuations to overall marketing execution."
The Vehicle Lease Maturity Report provides insight on the vehicles returning to market by year, make and model at a DMA or ZIP CodeTM level. By leveraging Experian's data resources, including vehicle lease registrations, the Vehicle Lease Maturity Report provides insight on the vehicles coming off lease. This level of detail allows users to better understand the impact these vehicles will have on the used vehicle market.
Experian® will discuss the leasing market and other auto finance trends in our quarterly State of the Automotive Finance Market Webinar on March 3. To register and access the recording, visit http://bit.ly/24qbJcf. For more information on the Vehicle Maturity Lease Report or Experian Automotive's other leading products and services, visit http://www.experian.com/automotive.
About Experian Automotive
Experian Automotive provides information services and market intelligence that enables results-driven professionals to gain the fullest possible understanding of the market, the vehicles and the people who buy them. Its North American Vehicle DatabaseSM houses data on nearly 700 million vehicles and, when combined with Experian's credit, consumer and business information, provides an integrated perspective into the automotive marketplace. Experian Automotive's AutoCheck® vehicle history reports provide dealers and consumers with in-depth information, allowing them to confidently understand, compare and select the right vehicles. For more information on Experian Automotive and its suite of services, visit our Website at http://www.experian.com/automotive.
About Experian
We are the leading global information services company, providing data and analytical tools to our clients around the world. We help businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making.
We also help people to check their credit report and credit score, and protect against identity theft. In 2015, we were named by Forbes magazine as one of the "World's Most Innovative Companies."
We employ approximately 17,000 people in 37 countries and our corporate headquarters are in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2015, was US$4.8 billion.
To find out more about our company, please visit http://www.experianplc.com or watch our documentary, "Inside Experian."
Experian and the Experian marks used herein are trademarks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.
Experian is a nonexclusive full-service provider licensee of the United States Postal Service®. The following trademark is owned by the United States Postal Service®: ZIP Code. The price for Experian's services is not established, controlled or approved by the United States Postal Service.
Contact:
Roslyn Whitehurst
Experian Public Relations
1 714 830 5578
[email protected]
Twitter: @RozWhitehurst
SOURCE Experian Automotive
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