Mobility service provider SIXT* (DE0007231326) and Stellantis (NYSE: STLA) today announced they have reached a multi-billion Euro agreement under which SIXT could buy up to 250,000 vehicles for its rental fleet in countries across Europe and North America during the next three years. The first significant delivery volumes will take place as early as the first quarter of 2024 and will continue throughout the year.
SIXT rental customers will have choices of vehicles of Stellantis including Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Opel, Peugeot, Ram, Vauxhall and Maserati. The deliveries to SIXT will include a variety of classes from city cars to SUVs to vans and trucks, including 7- and 9-seaters, as well as a full range of propulsion types, including battery electric vehicles, with the latest software and infotainment tech features.
“This agreement with a progressive, full-range partner underscores our promise to provide our customers with the best choice for all their mobility needs. It enables us to accelerate our growth strategy ‘Expect Better’, after achieving global revenue growth of almost 20% in the first nine months of 2023. This ambition applies to European countries, but of course also to the US, the largest rental market in the world and the most important growth market for our company,” said Konstantin Sixt, Co-CEO of SIXT.
Stellantis and SIXT will also explore potential cooperation opportunities in various regions including Mobilisights, Stellantis’ data as a service (DaaS) business, to provide and develop data packages for developing and licensing business-to-business products, applications, and services which will be made available to SIXT. In the course of the deliveries by Stellantis, the number of fully connected vehicles in the SIXT rental fleet will increase significantly and thus the number of vehicles in which telemetry data such as fuel level and mileage can automatically be transmitted to SIXT when a vehicle is returned. This will allow SIXT to streamline handling at branches with faster processing and better vehicle availability.
“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. 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,” said Carlos Tavares, CEO of Stellantis.
*SIXT
Sixt SE is in Pullach near Munich provides mobility services. With its products SIXT rent, SIXT share, SIXT ride and SIXT+ on the mobility platform ONE the company offers integrated premium mobility service across the fields of vehicle and commercial vehicle rental, car sharing, ride hailing and car subscriptions. The products can be booked through the SIXT app, which also integrates the services of its mobility partners. SIXT has a presence in more than 100 countries. During 2022 Sixt Group achieved a record consolidated pre-tax earnings of EUR €550 million and an increase in consolidated revenues to €3.07 billion. Sixt SE has been listed on the Frankfurt stock exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334).
Fleet or Fire Sale? SIXT to Buy 250,000 Stellantis Vehicles
Mobility service provider SIXT* (DE0007231326) and Stellantis (NYSE: STLA) today announced they have reached a multi-billion Euro agreement under which SIXT could buy up to 250,000 vehicles for its rental fleet in countries across Europe and North America during the next three years. The first significant delivery volumes will take place as early as the first quarter of 2024 and will continue throughout the year.
SIXT rental customers will have choices of vehicles of Stellantis including Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Opel, Peugeot, Ram, Vauxhall and Maserati. The deliveries to SIXT will include a variety of classes from city cars to SUVs to vans and trucks, including 7- and 9-seaters, as well as a full range of propulsion types, including battery electric vehicles, with the latest software and infotainment tech features.
“This agreement with a progressive, full-range partner underscores our promise to provide our customers with the best choice for all their mobility needs. It enables us to accelerate our growth strategy ‘Expect Better’, after achieving global revenue growth of almost 20% in the first nine months of 2023. This ambition applies to European countries, but of course also to the US, the largest rental market in the world and the most important growth market for our company,” said Konstantin Sixt, Co-CEO of SIXT.
Stellantis and SIXT will also explore potential cooperation opportunities in various regions including Mobilisights, Stellantis’ data as a service (DaaS) business, to provide and develop data packages for developing and licensing business-to-business products, applications, and services which will be made available to SIXT. In the course of the deliveries by Stellantis, the number of fully connected vehicles in the SIXT rental fleet will increase significantly and thus the number of vehicles in which telemetry data such as fuel level and mileage can automatically be transmitted to SIXT when a vehicle is returned. This will allow SIXT to streamline handling at branches with faster processing and better vehicle availability.
“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. 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,” said Carlos Tavares, CEO of Stellantis.
*SIXT
Sixt SE is in Pullach near Munich provides mobility services. With its products SIXT rent, SIXT share, SIXT ride and SIXT+ on the mobility platform ONE the company offers integrated premium mobility service across the fields of vehicle and commercial vehicle rental, car sharing, ride hailing and car subscriptions. The products can be booked through the SIXT app, which also integrates the services of its mobility partners. SIXT has a presence in more than 100 countries. During 2022 Sixt Group achieved a record consolidated pre-tax earnings of EUR €550 million and an increase in consolidated revenues to €3.07 billion. Sixt SE has been listed on the Frankfurt stock exchange since 1986 (ISIN ordinary share: DE0007231326, ISIN preference share: DE0007231334).