Recurrent’s Post

Electric vehicles are giving lenders pause when it comes to auto asset-backed securitization issuance due to increased residual value risk. #electricvehicles #autofinance #autoindustry #abs https://hubs.la/Q02nCZKs0

Electric vehicles are giving lenders pause when it comes to auto asset-backed securitization issuance due to increased residual value risk. #electricvehicles #autofinance #autoindustry #abs https://hubs.la/Q02nCZFR0

EV values have fallen almost weekly since July 2022, according to our client, used-vehicle open derivatives market Exponential Markets' used-EV value index. "The index quantifies how wholesale values fluctuate across the used-EV market, adjusting for differences in model mix, vehicle characteristics and mileage," said Paul Fortin, co-founder and head of finance at Exponential. Auto Finance News covers the EV price volatility in the story below.

The new IRA amendment offers up to $7,500 in tax credits for new EV and FCV purchases, opening doors for both individual and business buyers. This pivotal change could significantly increase the demand for electric vehicles, presenting a prime opportunity for dealerships to boost their EV sales. Are you ready to capitalize on this shift with an updated marketing strategy that highlights the affordability and benefits of EVs? #EV #taxcredit #dealershipbuyer #socialmediacontent #investments #interestrates #marketing #marketingstrategies #dealershipmarketing #automotiveindustry #automotivemarketing #cardealership #cardealershipmarketing #fractionalcmo #directmarketing #digitalmarketing #cmos #fractionalcmo #cardealership

Here's the latest on the EV credit portal - are you registered ok, and ready for the 2023 reporting due 1/31? #withum #EVtaxcredit #autodealers

No surprise here, EV owners have the most negative equity and depreciation. This is a great quick read highlighting the current negative equity auto finance trend. Roll that $6k plus negative equity into a lease if you are desperate to start over with an affordable payment.

Here’s an interesting find about EV depreciation https://lnkd.in/eqQaWF5e

Wall Street Sours on EVs electric vehicles as Demand Falters, Funding Costs Soar : Piper downgrades two lithium stocks, Cowen cuts charging names Now analysts across Wall Street are dialing back expectations for all kinds of companies exposed to EVs, citing weakening demand amid headwinds like rising borrowing costs : Rising interest rates lift car-loan expense, cost of capital : Electric vehicles “Over the last 12 months we have seen significant revisions in the growth rate for EV sales “Higher interest rates/rising cost of capital and a slowing EV market may continue to expose a number of projects and business models that may struggle to bridge the gap to self-funding status” “At this point, most of the first adopter surge has taken place and there is a realization that the next set of buyers has not stepped into the market to the degree anticipated” “Rising interest rates continue to inflict damage to sentiment and pressure those requiring capital raises to execute business plans” Jonas flagged EV-makers Fisker and Lucid Group., battery company QuantumScape Corp. and Freyr as requiring significant external funding or financing to expand operations while absorbing years of losses

The volatility in EV prices on the new and used side has been wild to watch and experience.

🔌 Considering an Electric Vehicle for your next ride? Look no further! We’ve partnered with lenders offering substantial interest rate discounts exclusively for EV buyers. Meet Maxi, who secured a 1.5% interest rate discount on her new electric car loan compared to other offers. Ready to make the switch? Let us guide you to the perfect lender for your EV journey. #ElectricVehicle #SustainableDriving #GreenFinance 🌿🚗💡