Rental car company Sixt has agreed to purchase up to 250,000 vehicles from Stellantis by 2026 for its fleets in Europe and North America, the companies said Tuesday.
Sixt plans to buy a wide range of vehicle types, including city cars, SUVs and vans, from Fiat, Jeep, Peugeot and other Stellantis brands. Under the multi-billion euro agreement, the automaker could begin delivering vehicles to Sixt by the end of the first quarter of 2024, according to a press release. The companies did not disclose the exact terms of the deal.
“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,” Stellantis CEO Carlos Tavares said in a statement. “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.”
The companies said the agreement would help them meet their electrification goals. Stellantis aims for electric vehicles to comprise 100% of its passenger car sales in Europe and 50% of its passenger car and light-duty truck sales in the U.S. by 2030. Sixt, meanwhile, wants EVs to make up 70 to 90% of its vehicle fleet in Europe by 2030.
In addition to helping Sixt electrify its rental fleets, Stellantis may use telemetry and other data to develop products, applications and services for Sixt through its data-as-a-service business, Mobilinsights. Such products and services could help the rental car company automatically record and document information like fuel level and mileage, the press release says.
The news comes days after rental car company Hertz said it would sell about 20,000 EVs and replace them with internal-combustion-engine vehicles to meet customer demand.
