|A second critical dynamic amongst the 30+ variables we track in the report is the projected number of off-lease vehicles in Canada. Declining vehicle sales in the 2017-2022 period compounded with rapidly falling lease rates mean that the number of off-lease vehicles that will enter the Canadian used vehicle market will plummet in the coming years – further starving the used vehicle market of supply.Andrew King, Managing Partner at DAC commented “In putting together our forecast for the used vehicle market we track a wide array of dynamics including used vehicle trade flows, off-lease rates, new vehicle availability, consumer demand, vehicle pricing and many more. By integrating these variables into our model, we have developed a detailed outlook for the market in the coming years and an analysis of the market by channel and brand.”
Azarov, D. (2023, October 18). Used Vehicle Exports to the US Continue to Soar while Off-Lease Volumes Plunge. DesRosiers automotive reports.