Current Trends in EV Leasing with Experian and Automotive News
Episode 122
Melinda Zabritski, Head of Automotive Financial Insights at Experian and Jamie Butters, Executive Editor at Automotive News join the show today for the highly anticipated maiden voyage of the “EVs for Everyone with Experian” miniseries! Press play to hear both Melinda and Jamie’s hot takes on current EV trends shaping the electric vehicle market, based on Experian’s State of the Automotive Finance Market Q2 2024 report. EVs now account for 8.35% of new car sales, with over 46% being leased, a significant increase from just 20.9% in Q2 2021. This shift toward leasing over buying is highlighted as a potential game-changer for the EV industry, making electric vehicles more accessible through lower monthly payments. We also talked about models like the Toyota bZ4X and Hyundai IONIQ 5 which have high lease rates due to their competitive monthly costs. So what do you think about leasing an EV? Is leasing on your radar if you’re considering making the switch to electric? Tell us in the comments on LinkedIn!
This episode is sponsored by Experian. Experian is a global data and technology company, powering opportunities for people and businesses around the world. Experian helps to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using their unique combination of data, analytics and software. Learn more at experian.com