Top Business News

DETROIT, April 6 (UPI) -- Automobile leasing is propping up U.S. and foreign automobile income in increasing numbers, business data shows.

Industry investigate firm Edmunds.com said leasing deals accounted for 21 proportionality of newborn car income in March, with leasing especially popular for Asian imports, The city News reported Wednesday.

Honda Motor Co. led the arrange with most a third of its newborn car income generated by leasing deals. At Nissan, 29.1 proportionality of income participating leased cars.

At General Motors Co., 14.2 proportionality of income in March participating leasing, downbound from 28.4 proportionality in February. At Ford, 16.9 proportionality of income in March participating leases.

Companies view leasing as a artefact to move older or less popular brands out of showrooms quickly, but are shy of the fact that leasing high volumes of cars undercuts resale values on which buyers depend.

Leasing had dropped to 13.1 proportionality of U.S. income in 2009, then climbed back up to 18.9 proportionality of income in 2010.

Edmunds.com analyst Karl Bauer said leasing is "only a good thing if the mart is naturally supporting this."

If companies push leases to process mart share, but counteract their possess profits to do so, "That's where you intend a little worried they're trying to move iron," Bauer said.