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WHICH STATES GAINING & LOSING THE MOST VEHICLES?
Swapalease.com Vehicle Relocation Trends Based On Customer Patterns
Online automotive marketplaces have altered the geographic makeup of vehicle inventory from sate 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 Swpalease.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.
Swapalease.com helps dealers provide an additional option to customers by giving them a way out of their existing lease contract through transfer. Instead of turning away customers still locked in a lengthy contract, the service turns drivers into immediate shoppers.
Top States Entering
Top States Exiting