SIXT will buy up to 250,000 Stellantis vehicles
Pictured: Alexander(left) and Konstantin Sixt (right), Co-CEOs of SIXT, shaking on the deal with Uwe Hochgeschurtz (middle), COO of Stellantis. (Image: SIXT)
Mobility service provider SIXT has agreed to buy up to 250,000 vehicles from car manufacturer Stellantis for its rental fleets in Europe and North America. The deal follows on SIXT’s decision to phase out Teslas from its fleet.
The multi-billion-euro deal, which will run over the next three years to the end of 2026, helps cement the groundwork for SIXT’s further global expansion. It is taking effect immediately, with significant volumes to be delivered already in the first quarter of 2024. The volume, composition and date of subsequent deliveries has already been agreed – including a degree of flexibility depending on demand.
Stellantis’ deliveries to SIXT come from a wide range of brands, including Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Lancia, Opel/Vauxhall, Peugeot, Ram, and Maserati. They include a variety of vehicle classes, from city cars and SUVs via vans seating up to 9 to trucks. They comprise the full range of motorisations including BEVs, and feature the latest tech and infotainment features.
In addition to the deal about car volumes, SIXT and Stellantis will explore opportunities to cooperate using Mobilisights, Stellantis’ Data-as-a-Service (DaaS) business.
Mobilisights could be used to develop data packages for innovative B2B products and services to be offered by SIXT.
Thanks to the deliveries by Stellantis, the number of fully connected vehicles in SIXT fleets will increase significantly, and with it the number of rental vehicles which will be able to automatically transmit telemetry data including fuel level and mileage when they are returned to SIXT. As a result, vehicle processing will be easier and faster, and vehicle availability will increase.
“Ultimate test drive”
“This partnership with SIXT enables current and potential Stellantis brand customers to immerse themselves in our newest offerings with the most advanced propulsion, vehicle connectivity and thoughtful comfort”, says Stellantis CEO Carlos Tavares. “It’s the ultimate test drive and a critical checkpoint for us in the upcoming years as Stellantis transforms into a sustainable mobility tech company.”
For SIXT, co-CEO Konstantin Sixt added: “After already achieving global revenue growth of almost 20 percent in the first nine months of 2023, (this deal) enables us to accelerate our growth strategy ‘EXPECT BETTER’. This ambition applies to European countries, but of course also to the U.S., the largest rental market in the world and the most important growth market for our company.”
This is not the first volume deal SIXT has concluded: in October 2022, it reached a deal with Chinese manufacturer BYD to take on 100,000 EVs for its European rental fleets.
Two months ago, however, SIXT decided to sell the Teslas in its rental fleet, due to high repair costs and diminished prospects for the residual values of Teslas as a result of the company’s policy of dynamic (and often downward) pricing. Hertz similarly decided recently to phase out 20,000 EVs from its rental fleet (though not just Teslas) for similar reasons. The company will reinvest in ICE vehicles.
For their part, both SIXT and Stellantis share the goal of making mobility more sustainable. With its strategic plan ‘Dare Forward 2030’, Stellantis aims to sell 100% BEVs in the passenger car segment in Europe by 2030, and 50% BEVs in the passenger car and light-duty truck segment in the U.S. by the same year. The company aims to be completely net zero by 2038.
For its part, SIXT aims to have 70-90% EVs in its rental fleet in Europe by 2030, is investing in its own charging infrastructure, and is expanding its SIXT App into an ecosystem for sustainable mobility offers.