EV adoption, transition from record high vehicle prices could result in unprecedented risks for automakers and fleet owners
If you’re an entity that owns a large automotive fleet – a car rental agency or the finance arm of an automaker with a sizable lease portfolio – today’s skyrocketing used car prices have likely pushed your portfolio’s value into the stratosphere.
But what seems like unadulterated good news actually represents a potentially precarious moment for your fleet – and your company. That’s because fleet owners who purchase vehicles for daily rental or to lease them out are essentially making a bet on the future wholesale price of that vehicle at the end of its use.
Read the full article: johnlothiannews.com