Stellantis aims to sell 500,000 cars in Europe in deal with leasing firm
Ayvens’ affiliates will buy the cars for their long-term leasing fleet across Europe, with the first delivery volumes expected to begin by June
26 February 2024 - 10:29
byAngela Christy and Giulio Piovaccari
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Stellantis logo is seen on the company's headquarters in Poissy near Paris, France, February 20, 2022. REUTERS/GONZALO FUENTES
Franco-Italian vehicle maker Stellantis said on Monday it had reached a multi-billion-euro frame agreement with leasing and fleet management company Ayvens to sell up to 500,000 vehicles across Europe over the next three years.
Under the agreement, Ayvens’ affiliates will buy the vehicles for its long-term leasing fleet across Europe, with the first delivery volumes expected to begin in the first half of 2024, Stellantis said.
Stellantis, which owns brands including Chrysler, Jeep and Fiat, said specific details of the deal including order quantity, compositions and delivery dates beyond the volumes already planned for 2024 can be flexibly agreed between the two companies, depending on fleet requirements and demand.
Ayvens’ customers will be offered brands such as Alfa Romeo, DS Automobiles, Fiat, Opel, Peugeot and Vauxhall, the statement said, adding that the brand availability can be extended in the future to cover Stellantis’ entire portfolio.
The agreement “will aid the progressive transition of Ayven’s client base to choosing more sustainable mobility options”, Stellantis CEO Carlos Tavares said.
Ayvens was created when ALD Automotive, a subsidiary majority owned by French lender Societe Generale, acquired fleet management and mobility company LeasePlan in 2023.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Stellantis aims to sell 500,000 cars in Europe in deal with leasing firm
Ayvens’ affiliates will buy the cars for their long-term leasing fleet across Europe, with the first delivery volumes expected to begin by June
Franco-Italian vehicle maker Stellantis said on Monday it had reached a multi-billion-euro frame agreement with leasing and fleet management company Ayvens to sell up to 500,000 vehicles across Europe over the next three years.
Under the agreement, Ayvens’ affiliates will buy the vehicles for its long-term leasing fleet across Europe, with the first delivery volumes expected to begin in the first half of 2024, Stellantis said.
Stellantis, which owns brands including Chrysler, Jeep and Fiat, said specific details of the deal including order quantity, compositions and delivery dates beyond the volumes already planned for 2024 can be flexibly agreed between the two companies, depending on fleet requirements and demand.
Ayvens’ customers will be offered brands such as Alfa Romeo, DS Automobiles, Fiat, Opel, Peugeot and Vauxhall, the statement said, adding that the brand availability can be extended in the future to cover Stellantis’ entire portfolio.
The agreement “will aid the progressive transition of Ayven’s client base to choosing more sustainable mobility options”, Stellantis CEO Carlos Tavares said.
Ayvens was created when ALD Automotive, a subsidiary majority owned by French lender Societe Generale, acquired fleet management and mobility company LeasePlan in 2023.
Reuters
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