Sixt to phase out Teslas from rental fleet on poor resale value

By:

Bloomberg

December 04, 2023 09:20 AM

Sixt is phasing out Tesla battery electric cars from its fleet after the manufacturer’s heavy price cuts hurt residual values at Europe’s biggest car-rental company.

Featured Stories

U.S. tariffs on imported vehicles are in effect, with parts duties following soon

What vehicle parts are now subjected to tariffs?

Here’s our list of the 2025 Top 150 dealership groups

How many U.S. dealership owners will we have in 2050?

Latest News

A beating on Wall Street

GM to increase truck production in Indiana following Trump’s tariffs

Automakers, Canada, lawmakers react to the implementation of Trump’s 25% auto tariffs

Grubbs Family buys four dealerships, with another pending, from Foundation Automotive

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

U.S. senators seek to rein in Trump tariff authority

Europe reacts as Trump’s 25% auto tariffs take effect

What vehicle parts are now subjected to tariffs?

Hyundai 2nd-gen Nexo hydrogen fuel cell crossover gets big boost in power, range, styling

Staying current is easy with newsletters delivered straight to your inbox.