Escalade Leads September Lease Price Hikes
Wantalease.com reports average monthly lease payments for the Cadillac Escalade shot up nearly 40% in September, leading a pack of models that increased in price in the lull between incentive seasons.
Wantalease.com analysts say average lease payments for the 2019 Cadillac Escalade increased by $327 between August and September.
Photo courtesy General Motors Co.
CINCINNATI — The latest monthly report from new lease marketplace Wantalease.com finds steady month-over-month pricing for most models and big price hikes for several others, led by the Cadillac Escalade.
Heading into September, the average monthly lease payment for a 2019 Cadillac Escalade had increased by $327 from August, bringing its monthly payment to $799 per month. The spike follows the expiration of an $8,000 purchase-only rebate offered by General Motors in the wake of an underwhelming Q2 sales report.
Read: SAAR Dips to 16.6M in Watershed Sales Report
The only vehicle priced higher than the Escalade is the BMW X5, which is priced at $949 per month, and increased by 5.8% from August to September. Other notable price hikes include the Ford Expedition (4.3%), Cadillac CTS (1.9%), and Subaru Legacy (3.5%).
“We anticipate that manufacturers who seem to be holding steady on new lease prices will begin considering payment changes and incentives in the upcoming months,” said Scot Hall, executive vice president of Wantalease.com. “Manufacturers know the biggest shopping holidays for the year are quickly approaching, as are end-of-year rollouts for 2020 release models.”
Originally posted on F&I and Showroom
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