SIXT, Stellantis Form Mega-Deal on Rental Fleet Vehicles

SIXT and Stellantis announced Jan. 16 a multi-billion euro agreement under which SIXT could buy up to 250,000 vehicles for its rental fleet in its corporate countries across Europe and North America over the next three years.

The first large vehicle deliveries will take place as early as this quarter and will continue throughout the year. SIXT rental customers will be able to choose vehicles from Stellantis brands 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 electric vehicles) featuring the latest software and infotainment tech features.

Specific order quantities, order compositions and delivery dates beyond the volumes that have already been planned for 2024 can be flexibly agreed between both companies considering fleet requirements and demand.

Additionally, Stellantis and SIXT will also explore potential cooperation opportunities in various regions around the world including Mobilisights, Stellantis’ data as a service (DaaS) business, to provide and develop data packages for developing and licensing innovative business-to-business products, applications, and services which will be made available to SIXT.

With the deliveries by Stellantis, the number of fully connected vehicles in the SIXT rental fleet will increase by a sizable amount and so will the number of vehicles in which telemetry data such as fuel level and mileage can automatically be transmitted to SIXT from vehicle returns. This will allow SIXT to streamline branch operations resulting in faster customer processing and more vehicle availability.

"This agreement with a progressive, full-range partner underscores our promise to provide our customers with the best choice for all their mobility needs," said Konstantin Sixt, Co-CEO of SIXT, in a news release. "It enables us to accelerate our growth strategy ‘EXPECT BETTER’, after already 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 U.S., the largest rental market in the world and the most important growth market for our company.”