CINCINNATI — Online car lease marketplace Wantalease.com reported price increases in numerous sport utility segments, including some of Nissan’s most popular lease models. Analysts found that, while most vehicles maintained their prices from May, a number of manufacturers had price fluctuations on small, mid-size and luxury SUVs.
Included in many of the price increases from Nissan is the Pathfinder. The Pathfinder had an increase in price of 14% this month, rising to an average monthly lease payment of $319. The Nissan Frontier and the Nissan Sentra also experienced price increases: The Frontier had an increase of 4.94%, bringing the monthly price to $314 per month. The Sentra increased in price by 8.99%, bringing payments to $149 per month.
Aside from Nissan, several brands such as Chevrolet, Cadillac, and Infiniti have had slight price fluctuations specifically on SUVs this month. The Chevrolet Traverse increased in price by 3.15%, bringing its monthly payments to $299 per month. Among price decreases include the Cadillac Escalade and the Infiniti QX80. The Cadillac Escalade experienced a decrease of 0.82%, and the Infiniti QX80 experienced a decreased of 5.36%.
“We anticipated a wave of new lease-deal incentives over the Memorial Day shopping weekend as we’ve traditionally seen in years past, but lease data from May shows most popular lease deals held strong into June,” said Scot Hall, executive vice president of Wantalease.com. “It will be interesting to see whether or not dealers will introduce any new promotions leading into the July 4th holiday.”
Originally posted on F&I and Showroom