- Aug 1, 2008
Leases hurting luxury automakers, BMW wants you to buy
Nearly all luxury makers are in the same boat as BMW, as Bloomberg reports that leases also comprise 55 at Lexus and 42% at Cadillac. While the residual value of luxury vehicles isn't falling quite as fast as SUVs and full-size trucks, the market's shift in preference to smaller, more fuel efficient vehicles means that there is less demand for vehicles that tend to conspicuously consume copious amounts of fuel. Thanks for the tip, Rich!