This would hold true for any industry if you removed an option for the consumer, but I would find it hard to believe that the elimination of x used sales would equal the same amount of new sales.
The Financial Times, which first reported the story on Thursday, said thesales could amount to nearly 20% of Citi's current assets, and would take place over several years.
Most states allow buyers to pay sales tax monthly on the lease amount instead of the full purchase price of the vehicle, so buyers avoid a giant sales-tax bill the day they drive away--quickly--in their new Maserati .