Tesla Offers End-of-Lease Upgrades to Maintain Production Levels

  • Emma Sandler
  • May 24, 2017
It’s been three years since Tesla introduced its in-house leasing program, and now thousands of owners are coming off their Model S leases every quarter, prompting the automaker to introduce vehicle upgrades earlier this week as an end-of-lease option. A standard Tesla lease is 36 months, and three years ago the only vehicle available was the […]

SPLT Sketches Plans to Add Carshare Model to Prep for Autonomous Future

  • Natalie Mattila
  • May 24, 2017
SAN DIEGO — There is “a lot of money” in fleet management, which is why SPLT is planning another shift in its business model to include carsharing, Kristin Welch, the startup’s head of business development and corporate strategy, said at Auto Finance Innovation 2017 last week. “We are working with a large European fleet company […]

Toyota Doubles Down on Blockchain Tech for Autonomous Vehicles

  • Emma Sandler
  • May 23, 2017
Toyota Research Institute launched a consortium yesterday to explore use-cases for blockchain in self-driving cars, signalling that this technology is “something worth exploring” within mobility, Chris Ballinger, the company’s chief financial officer and director of mobility services, told Mobility Finance. TRI partnered with MIT Media Lab and other industry players to create the digital environment. Blockchain technology sends information over a network of […]

New Los Angeles Rideshare Offers Free Cars to Drivers

  • Natalie Mattila
  • May 23, 2017
YayYo Inc., an app for researching rideshare services, launched its own rideshare on May 11, and is offering drivers brand-new vehicles — free of charge — through a partnership with Penske Auto Group’s fleet division, Mobility Finance has learned. The new rideshare, called RideYayYo, is in beta in L.A. County. The company received more than […]

4 Companies Using Off-Lease Vehicles for Mobility Services

  • Emma Sandler
  • May 23, 2017
Off-lease vehicles have been climbing in recent years, causing a downward pressure on used pricing. However, this influx of off-lease vehicles provides a new opportunity for mobility-as-a-service providers. The rising popularity of leasing has resulted in a higher-than-average inventory of used vehicles returning back to car lots. Data also shows that as residual values drop, MSRPs have continued […]
Page 30 of 83« First...1020«2829303132 » 405060...Last »