5 Ways Mobility Will Change the Secondary Market

New ownership and mobility models are popping up all over the auto finance space and that’s driving new innovations in the auto ABS market as well. As more and more consumers switch to fleet-focused mobility offerings, it’s forcing investors and issuers to think differently about the assets they are securitizing. For example, some believe issuers […]
  • William Hoffman
  • February 28, 2018
  • 1

Tesla Highlights Used-Car Sales Growth Amid Model 3 Production Delay

Tesla Motors Inc. reported a growth in used-car sales and completed deliveries, in the midst of a continued Model 3 production delay, according to the company’s earnings yesterday. Tesla reported completed deliveries of 28,425 Model S and Model X vehicles and 1,542 Model 3 deliveries in the fourth quarter. Model X deliveries grew 28% year over […]
  • Emma Sandler
  • February 8, 2018
  • 0

Tesla Files to Issue Inaugural Auto Lease Securitization

There might be a new entrant in the auto asset-backed securitization market. Tesla Inc. issued an ABS-15G filing with the Securities and Exchange Commission last week, indicating the electric car maker will establish a Tesla Auto Lease Trust. The manufacturer is poised to issue a bond backed by leases on its electric cars in an […]
  • Natalie Mattila
  • January 29, 2018
  • 0

Tesla Lending Rates Jump for Second Straight Quarter

After Tesla Inc. increased the interest rate on Model S and Model X vehicles in the fourth quarter of last year, the company has again increased the interest rate for the second quarter in a row — this time by 100 basis points. In 3Q17, the electric car manufacturer’s U.S. interest rate was 0.99%, before jumping […]
  • Emma Sandler
  • January 11, 2018
  • 0

Electric Vehicle Sales Lean Heavily on Leasing, Study Finds

U.S. leasing penetration of electric and hybrid vehicles is more than double the national average for its gas counterparts, according to a new study from Bloomberg New Energy Finance. Nearly 80% of battery electric vehicles and 55% of plug-in hybrids are leased in the U.S. compared with a 30% penetration rate across the industry. Those […]
  • William Hoffman
  • January 10, 2018
  • 3

Electric Vehicle Credits Remain in 2017 Tax Reform Bill

A tax credit of up to $7,500 for electric vehicles survived in the final tax reform bill that was sent to President Donald Trump to sign, signaling a win for automakers. The House of Representatives bill originally struck the Obama-era provision as of Dec. 31, but the Senate version of the bill was ultimately the […]
  • Emma Sandler
  • December 21, 2017
  • 0
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