Tesla Model 3 is first EV on top 10 leased vehicles list

The Tesla Model 3 is the first electric vehicle to break into the top 10 leased models in the U.S., following a period of strong growth, according to a report from Experian.

The Model 3 ranked seventh on the list, representing 1.79 percent of leased new vehicles in the second quarter. One in 4 of the roughly 42,000 new retail Model 3s to hit the road last quarter, according to Experian, was leased — up about 14 points from the same time a year earlier, Melinda Zabritski, Experian’s senior director of automotive financial solutions, told Automotive News.

Typically, the top leased vehicles list is made up of high-volume cars and trucks, Zabritski said. The Ford F-150, Honda CR-V and Nissan Rogue were the top three leased vehicles of the quarter, representing 2.52 percent (F-150), 2.48 percent (CR-V) and 2.26 percent (Rogue) of leased new vehicles. The quarterly combined retail sales and lease volumes of Model 3s rose dramatically from the 28,000 in the second quarter of 2022, but they still fell behind the CR-V (88,600), F-150 (71,000) and Rogue (45,800), Experian said.

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