Daimler Financial Services grew its portfolio 6% year over year to $174.6 billion USD (139.9 billion Euro) in 2017, amid the company’s strong push into mobility services, according to the company’s fo...
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 […]
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 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 […]
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 […]
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 […]