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Swapalease.com, the nation’s largest car lease marketplace, believes a growing number of U.S. leases are being taken over for the purpose of getting shipped overseas at the end of term, particularly as fewer lessees and dealers plan to keep the leases because of the changing equity position.
In several European markets, pent-up demand is pushing up local car sales. Exports of U.S. cars have been on the rise, with brands like Ford and Honda showing increasing exports recently. In fact, Ford’s export activity is up 50% since 2009, according to Bloomberg.
Swapalease.com believes entry-level luxury car transfers are likely on the rise, with brands such as BMW, Mercedes-Benz, Lexus and Land Rover, and domestic brands such as Ford and Chevrolet, as popular vehicles in overseas markets. Fuel economy-friendly compact crossovers, such as Toyota’s Rav-4, are also in demand for overseas shipments according to Swapalease.com.
“As evidenced by the growing U.S.-produced inventory being shipped elsewhere, The North American auto industry is positioning itself to participate in the broader global competitive landscape,” said Scot Hall, Executive Vice President of Swapalease.com. “Increasing demand across the oceans and more domestic supply could mean this activity continues to expand in the near term.”
Here are the top five foreign markets where U.S. lease transfers are being shipped: