Moody’s: Evolving EV technology highlights potential risk in auto ABS

Hertz ordered 100,000 Teslas for its fleet in late October to be delivered by yearend 2022

Photographer: David Paul Morris/Bloomberg

Residual value data gathered from Hertz’s future auto asset-backed securitizations (ABS) that include a larger share of electric vehicles (EV) are poised to provide issuers of consumer auto ABS with key performance insights as the auto industry continues its push toward electrification.   Hertz, which securitizes large portions its leased fleet on the secondary market, ordered 100,000 Tesla vehicles in October, a deal […]

Already subscribed? Click below.

Exit mobile version