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Consumers are leasing nearly one of every three new cars manufactured in the U.S. — record levels that are keeping industry sales at all-time highs.

Leasing accounted for more than 31 percent of new car transactions in the first half of 2016, according to the latest available data from Experian Automotive. Once reserved mainly for luxury vehicles, leasing of mainstream vehicles has taken off.

Car-shopping website Edmunds.com said 2.2 million vehicles were leased in the first half of 2016, double the volume of the same period in 2011 and up 13 percent from the first half of 2015. Edmunds.com predicts consumers will lease 4.5 million vehicles this year, led by growth from millennials and those 75 and older.



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Millennials Push One Third Of Vehicle Purchases To Leases

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