Ayvens and Stellantis – 500,000 Fleet Sales Deal

Ayvens* (Euronext: ALD) and Stellantis (NYSE: STLA) said today that they have reached a multi-billion euro agreement “that encourages Ayvens’ affiliates to buy as many as 500,000 vehicles for its long-term leasing fleet across Europe during the next three years. The first significant delivery volumes are expected to begin in the first half of 2024 and continue throughout the year.

“One of the shared priorities will be integrating Stellantis’ innovative range of sustainable vehicles to support Ayvens’ multi-brand strategy,” the mobility companies said. Their stock prices are contrary with Stellantis near record highs and Ayvens near record lows. Stellantis also has its own leasing business, which is to a degree a competitor of Ayvens.

Ayvens and its customers can select vehicles from Stellantis brands, including Alfa Romeo, Citroën, DS Automobiles, FIAT, Jeep_®, Lancia, Opel, Peugeot, and Vauxhall. Availability can be extended in the future to cover the entire Stellantis brand portfolio. One of the priorities will be integrating Stellantis’ range of sustainable vehicles to support Ayvens’ multi-brand strategy, the companies said.

“The mobility industry is structurally a high-growth market which is underpinned by clients’ shifting from ownership to usership, their requirement for full-service leasing solutions, their need for visibility over their costs and their commitment to reduce their carbon footprint. We play a critical role in creating an efficient and robust ecosystem with our partners in order to deliver the best value and benefits to our clients as they transition to sustainable mobility,” Tim Albertsen, CEO of Ayvens.

*Ayvens was created in May 2023 when ALD Automotive acquired LeasePlan, one of the world’s leading fleet management and mobility companies. It says it is now the Number One global multi-brand and multi-channel car leasing player. Ayvens has “the scale and capabilities to support its broad client base of corporate, SME and private individual clients.”