Leasing powerhouse Ayvens, formerly known as ALD and the entity that acquired Dutch LeasePlan last year, has inked a substantial deal with automotive titan Stellantis.
The agreement entails the procurement of up to 500,000 vehicles over the next three years, marking an investment worth ‘several billion’, as jointly announced by the two companies.
Stellantis, the conglomerate encompassing renowned brands like Abarth, Alfa Romeo, Citroën, DS, Fiat, Jeep, Lancia, Opel, and Peugeot, will be supplying Ayvens with a diverse range of vehicles, spanning from compact city cars to robust SUVs and versatile vans, according to a press release.
In a strategic move, Stellantis is steering its investments towards the electric vehicle (EV) segment, earmarking tens of billions for EV development in the upcoming years.
This decision comes amidst the backdrop of a challenging market environment highlighted by Stellantis earlier this month, signaling tougher times ahead for the automotive industry.
Commenting on recent developments, Tim Albertsen, CEO of Ayvens, voiced concerns over the pricing dynamics influenced by competitors like Tesla, particularly their fluctuating pricing strategies.
Albertsen remarked that Tesla’s frequent price adjustments pose a threat to the resale value of electric vehicles in the secondary market, emphasizing that a volatile list price undermines residual values.
Ayvens, boasting a fleet management portfolio of approximately 3.5 million vehicles, including over half a million electric cars, stands at the forefront of navigating these evolving market dynamics.
