Dive Brief:
- Fleet leasing and management company Ayvens signed a multi-billion euro agreement with Stellantis for Ayvens’ affiliates to buy up to 500,000 vehicles from the automaker across Europe by 2026, Stellantis announced Monday.
- Under the flexible sales agreement, specific order quantities, including vehicle models and delivery dates beyond the initial order, will be adjusted based on fleet requirements and demand.
- The first deliveries are expected to begin in the first half of 2024.
Dive Insight:
The deal is the second major vehicle purchase commitment for Stellantis this year. In January, rental car company Sixt agreed to purchase up to 250,000 vehicles from Stellantis by 2026 for its fleets in Europe and North America.
Under the latest agreement, Ayvens’ affiliates will have the opportunity to purchase a variety of vehicle models from Stellantis, including city cars, SUVs, 7- and 9-seat vans, and electric vehicles.
“This commercial partnership will allow us to work closely together with Stellantis to ensure more competitive pricing for our clients and perfectly illustrates our capacity to leverage our new scale and buying power to achieve better value and synergies for all of our stakeholders,” said Ayvens CEO Tim Albertsen in a press release.
Ayvens was established in May 2023 when French leasing company ALD Automotive merged with Netherlands-based leasing and fleet management company LeasePlan. The company operated a total fleet of 3.4 million vehicles as of June 30, 2023, double the number of cars of its nearest competitor, according to a June press release.
