{"id":5827,"date":"2024-05-20T17:05:59","date_gmt":"2024-05-20T10:05:59","guid":{"rendered":"https:\/\/hva.group\/?p=5827"},"modified":"2024-05-20T17:06:01","modified_gmt":"2024-05-20T10:06:01","slug":"tesla-cuts-price-to-appease-european-car-rental-companies","status":"publish","type":"post","link":"https:\/\/hva.group\/en\/tesla-cuts-price-to-appease-european-car-rental-companies\/","title":{"rendered":"TESLA CUT PRICES TO APPEAL EUROPEAN CAR RENTAL COMPANIES"},"content":{"rendered":"
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Tesla (NASDAQ:TSLA) is taking steps to satisfy European car rental businesses after persistently falling retail prices led to a decline in the value of its fleet and slow service and high repair costs caused dissatisfaction among corporate customers, according to a Reuters report on Monday.<\/p>\n\n\n\n

The actions include unadvertised discounts on new vehicles and addressing widespread complaints about service, repairs and ordering processes, after years of claims by fleet managers and rental businesses that the electric vehicle (EV) maker had overlooked these issues.<\/p>\n\n\n\n

Tesla\u2019s strategy of cutting retail prices is aimed at stimulating purchases amid weakening global demand for electric vehicles and growing competition, especially from Chinese EV makers like BYD. But the discounts have hurt margins for major customers in Europe, where fleet purchases account for nearly half of car sales, Reuters reported, citing conversations with nine executives from major car rental and leasing companies.<\/p>\n\n\n\n

Leasing companies, which base their rental rates on the expected resale value of their vehicles, have suffered financial losses due to the sudden depreciation. Richard Knubben, CEO of Brussels-based car leasing and leasing group Leaseurope, said there was \u201cnothing more detrimental\u201d than the continued depreciation of the assets of fleet buyers.<\/p>\n\n\n\n

\u201cTesla is actively communicating with our members: We can offer you rebates and compensation,\u201d Knubben said. \u201cBut the decline in Tesla\u2019s resale values has been so rapid, I don\u2019t think the rebates they\u2019re offering are enough.\u201d While Tesla\u2019s decline in resale values and strained relationships with fleet customers are recognized, Tesla\u2019s efforts to remedy the situation have not been previously disclosed, Reuters noted.<\/p>\n\n\n\n

An executive at a prominent European car rental company, who chose to remain anonymous, said Tesla has extended its non-advertised end-of-quarter discounts of up to \u20ac2,000 ($2,134) for Model 3 and Model Y purchases by rental companies from mid-2023, with these discounts now being offered throughout the year.<\/p>\n\n\n\n

Tesla is reportedly facing similar issues with the resale value of its vehicles to rental car companies. Florida-based car rental company Hertz, for example, is selling Teslas in the US, while German competitor Sixt has stopped buying them. Sixt is reporting a \u20ac40 million ($42.7 million) drop in revenue by 2023 due to falling residual values of EVs, including Teslas.<\/p>\n\n\n\n

Source: Investing<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Tesla (NASDAQ:TSLA) is taking steps to respond to European car rental businesses after persistently falling retail prices led to a decline in the value of their fleets and slow service and high repair costs caused dissatisfaction among customers.<\/p>","protected":false},"author":9,"featured_media":5830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"tesla","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"Tesla (NASDAQ:TSLA) \u0111ang th\u1ef1c hi\u1ec7n c\u00e1c bi\u1ec7n ph\u00e1p \u0111\u1ec3 \u0111\u00e1p \u1ee9ng c\u00e1c doanh nghi\u1ec7p cho thu\u00ea xe ch\u00e2u \u00c2u sau khi gi\u00e1 b\u00e1n l\u1ebb gi\u1ea3m li\u00ean t\u1ee5c d\u1eabn \u0111\u1ebfn gi\u00e1 tr\u1ecb \u0111\u1ed9i xe c\u1ee7a h\u1ecd gi\u1ea3m v\u00e0 d\u1ecbch v\u1ee5 ch\u1eadm v\u00e0 chi ph\u00ed s\u1eeda ch\u1eefa cao g\u00e2y ra s\u1ef1 kh\u00f4ng h\u00e0i l\u00f2ng gi\u1eefa c\u00e1c kh\u00e1ch h\u00e0ng doanh nghi\u1ec7p, theo m\u1ed9t b\u00e1o c\u00e1o c\u1ee7a Reuters h\u00f4m th\u1ee9 Hai.","footnotes":""},"categories":[28],"tags":[16,15],"class_list":["post-5827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc-thi-truong","tag-kinh-te","tag-tai-chinh"],"acf":[],"yoast_head":"\nTESLA GI\u1ea2M GI\u00c1 \u0110\u1ec2 XOA D\u1ecaU C\u00c1C C\u00d4NG TY CHO THU\u00ca XE CH\u00c2U \u00c2U - 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