I=8
- Sixt signed a multi-billion euro deal with Stellantis for purchase of 250,000 vehicles by 2026 that will be use in North America and Europe.
- The first significant delivery volumes will occur in the first quarter of 2024 and will continue throughout the year.
- Sixt said that the specific quanties, order compositions and delivery dates beyond 2024 can be flexibly agreed between the two companies as per fleet requirements and demand.
- Deliveries will include several vehicle classes from SUVs to vans and trucks (including 7- and 9-seaters), as well as all drive types including BEVs.
- The two companies will also explose potential cooperation in other areas such as Mobilisights and Stellantis’ data as a service (DaaS) business.
Assessment
The significant delivery volumes for 2024 could indicate that Sixt expects a strong demand in the current year given that they were cautious last year with regard to fleet purchasing in 2024.