The Tesla Model 3 Made the List of Most-Leased Vehicles as First EV
Beyond tracking your credit score, Experian tracks trends and data in the automotive industry, including the most popular leased models. While the list is typically dominated by high-volume gas vehicles like the Ford F-150 and Nissan Rogue, the Tesla Model 3 is on a run that made it the first EV to make the top 10 most leased vehicles in the second quarter of 2023.
Model 3 leases accounted for 1.79 percent of all leased vehicles in Q2, which was around 25 percent of the car’s overall sales numbers of around 42,000. The jump represents a 14 percent increase from the year before, and it lands the Tesla in seventh place on the list, behind the Chevy Equinox and ahead of the Honda Civic.
While this is an important milestone for Tesla and EVs in general, the Model 3 is still surrounded by full-size trucks and many SUVs on the list. The only other sedan in the top 10 was the Honda Civic, while the three most-leased vehicles included the Ford F-150 at number one, followed by the Honda CR-V and Nissan Rogue.
Leasing some EV models has become popular for buyers because of loopholes in federal tax credit rules that open the door for credits to previously ineligible vehicles. The Model 3 recently became re-eligible after a rules change at the beginning of 2023 that removed the cap on units sold.
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