First Hertz now Sixt is dumping Tesla.
https://www.dailymail.co.uk/yourmoney/cars/article-12979067/sixt-tesla-stellantis.html
https://www.dailymail.co.uk/yourmoney/cars/article-12979067/sixt-tesla-stellantis.html
Sixt dumps Tesla
- Thread starter Trav
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Yeah I mentioned this in another thread. Tesla treats their vehicles like software updates, so you really don't know what parts your vehicle
I have no idea the reasons for them stepping back from Tesla but 250K cars from Stellantis is a lot of cars. My question is is this only Tesla or are they backing off all ev's.
They may be jumping from the frying pan into the fire...
They're still going heavily into EVs. They got burned by the resale value of Teslas after the price drops. Here's a different article.
After dropping Tesla, global rental car giant SIXT says it will buy up to 250,000 vehicles from Stellantis for its fleets in North America and Europe.
The multi-billion euro deal will see Stellantis delivering EVs, PHEVs (and gas cars, smh) to SIXT starting this quarter, and it will carry on over the next three years.
However, SIXT says it still plans to electrify as much as 90% of its vehicles in Europe by the end of the decade.
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for these rental car companies, if the play was buy high sell low, congrats it worked. I assume massive writeoffs help in some unknown manner.
And then they went and purchased a fleet of stellantis, a brand know for its reliability and resale?
These headlines really write themselves.
And then they went and purchased a fleet of stellantis, a brand know for its reliability and resale?
These headlines really write themselves.
The objective is likely to get bankrupt as a blind man would see they are making things worse for themselves.
Good news for Stellantis, my guess is most of the sales will be ICE.
I still don't see the business case for EVs as rentals. Maybe Hertz and the rest wanted to take advantage of the Tesla fervor? Maybe the lack of maintenance? Who the heck knows.
I was offered a Model 3 for the same price as a cheapie rental and I declined. I rent cars for a short time; I have no desire or time to charge it and the fee was like $35 to bring it back undercharged.
I think I have mentioned before my neighbor calling me from San Diego asking me how the Key Card worked; they couldn't even get in the car. And they are on their 4th EV lease...
Of course I may be missing something, but I would love to see the project plan and expected ROI. Teslas would be the worst, as there is no volume discount. Hertz, Sixt and the rest pay the same for the cars as I do.
Did they understand that these cars are really quick and could get unsuspecting drivers into trouble?
The only people I know who liked renting a Tesla did so as a precursor to buying one, not as your typical rental.
I went in knowing there were risks involved for being an early adopter. Did they? Who is running the place?
I was offered a Model 3 for the same price as a cheapie rental and I declined. I rent cars for a short time; I have no desire or time to charge it and the fee was like $35 to bring it back undercharged.
I think I have mentioned before my neighbor calling me from San Diego asking me how the Key Card worked; they couldn't even get in the car. And they are on their 4th EV lease...
Of course I may be missing something, but I would love to see the project plan and expected ROI. Teslas would be the worst, as there is no volume discount. Hertz, Sixt and the rest pay the same for the cars as I do.
Did they understand that these cars are really quick and could get unsuspecting drivers into trouble?
The only people I know who liked renting a Tesla did so as a precursor to buying one, not as your typical rental.
I went in knowing there were risks involved for being an early adopter. Did they? Who is running the place?
The article by Electrek stated that their goal in Europe was 90% EV by the end of the decade, although I suppose that could include PHEVs. They're a bit player in North America, but huge in Europe.
Apparently the original article was in December by Bloomberg.
Higher repair costs for electric cars compared to combustion vehicles are compounding the issues with lower resale values, Sixt said in an email to customers seen by Bloomberg News. The company still plans to electrify as much as 90% of its fleet in Europe by the end of the decade, according to a spokesperson.
Only works if you can return it empty and the center has onsite fast charging, otherwise good luck.
They weren't very clear, and the end of the decade is 6 years away. Sales include North America and Europe, with the problems Hertz had with Tesla and the bath they took selling out of them my guess is a big chunk of the sale will be ICE.
Tesla's biggest advantage is their extensive charging network and how that's built in to their navigation features. I get that other EVs can navigate to charging locations, but I don't believe any are quite as simple. Tesla also makes it really easy for renters to access them, where it's just plug in and the costs passed on to the renter - maybe with a surcharge that's up to the rental company. As far as I know, others require that the renter set up an account for ChargePoint, EVgo, or the like.
My understanding is that some corporate renters prefer EVs as part of their corporate environmental initiatives.
There are no specific details yet, other than they intend on hitting a ridiculously high proportion of EVs in their European fleet. The reporting does make it sound like there's flexibility in what vehicles are ultimately delivered and where.
Yes, and time will tell how much of what. One thing for certain is it will not be all EVs. My guess it will be more ICE in the USA and more EV's in Europe.
Just Tesla. They said the parts availability (lack thereof) and the ridiculous price to repair them led them to wash their hands of Tesla. Really more people should be giving Tesla the boot.
Yep, I knew rental Teslas would be a headache long term.
They don't work as rentals anyway. Cost of operating goes out the window the second home charging isn't used.
Exactly. They're great to own. Driving experience is excellent, but the second you have to stop longer than fueling with gasoline for a similar price it breaks down. I charge at home 98% of the time which brings savings into the mix. I wouldn't recommend it outside of that. Love how it drives though. I'll never say that trumps charging time and charging cost though for public charging.
For sure, which is why ICE might be the higher percentage of the sale. IMO the rental company would be smart learning from the mistake Hertz made. In all honesty I could care less what they do in Europe.