March 16, 2023

For decades, LIBOR has been a widely-used “benchmark” interest rate for financial transactions around the world, including floating rate leases you may have with Wheels. LIBOR will no longer be published after June 30, 2023 which necessitates a transition to a different base rate/index for your floating rate leases.

We are committed to making this transition in a manner that is client-focused, market-based and equitable to our stakeholders. 

Please be on the lookout for details on the replacement rate, which we expect to communicate in the coming weeks. 

Industry logistics are severely constrained causing continued delivery delays; in this article, we explain some of the reasons behind the bottlenecks.

Industry logistics are severely constrained causing continued delivery delays; in this article, we explain some of the reasons behind the bottlenecks. As the supply chain constraints ease in the new vehicle market, Wheels looks at the used vehicle market and offers insight into what the data is telling us. This explainer video will help you understand current vehicle remarketing trends.

Hear the President of Wheels, Matt Dyer, speak to Mike Antich about the name, logo, brand promise and tagline for the new ‘Wheels’, and how all these elements work together to unify the three legacy businesses and embody the commitment, passion, hard work and innovation that our people bring every day to serve our customers and strengthen our partnerships with them.

In this section we will share third-party industry-related articles and data links that we feel are important, relevant or helpful. To make it easier for you, we have aggregated these articles below. Happy reading!

Over 70 Vehicles Lose IIHS Top Safety Awards Under 2023 Criteria

FACT SHEET: Biden-⁠Harris Administration Announces New Standards and Major Progress for a Made-in-America National Network of Electric Vehicle Chargers HOME