The Role of Leasing under Adverse Selection

Abstract

1 Polk's analysis estimates 2.88 million o -lease vehicles returned to the used car market in 1997, 87 percent being two-and three-year-old vehicles. In fact, nal 1997 numbers should show o -lease vehicles representing 65 percent o f two-year-old vehicles on the market, and 57 percent o f three-year-old vehicles. Source, Polk Corporation: http: www.polk.com whatsnews jan98 01139801.html 2 Polk Corp,