Tide likely to turn for off-lease vehicle volumes in second half of year

Don't let the improvement in off-lease volumes in the wholesale vehicle market fool you.  At least take these gains with a grain of salt. 

Numbers in this segment are expected to take a hit in the second half of 2024 and are not likely to return to pre-pandemic levels any time soon. 

Here's how the numbers shake out: 

Looking at year-to-date auction check-ins at Manheim locations through the first half of the year, lease check-ins have climbed 94% year-over-year, but trail 2019 levels by 58%, data from Cox Automotive shows. 

Industry-wide, the number of off-lease units ...