Classics car rental company Sixt controls at record gain in
Deal with BYD Group: Sixt wants to put 100,000 Chinese electric cars into service
In summer, the Chinese group has already overtaken Tesla as the largest electric car manufacturer in the world, now the attack on the German market is to be achieved. The rental car company Sixt buys on a large scale from the Chinese. © Roman Pilipey/Epa-Fe/Rex/Shutterstock The car rental company Sixt wants to buy around 100,000 electric cars from the Chinese manufacturer by car over the coming years. A first order includes several thousand vehicles, as Sixt announced on Tuesday.
The car rental company Sixt benefits from the growing duties of travel and high rental prices. After the best half -year result in the company's history, he is aiming for a record gain of 480 million euros before tax this year. Despite the tight vehicle boot of the car manufacturers, Sixt was able to increase his fleet and serve the high demand in all markets, said Co-CEO Alexander Sixt on Wednesday in Pullach.
in the first half of the year, sales of 1.3 billion euros exceeded the half-year value of the pre-Corona year 2019 by 17 percent. The profit before tax even doubled to 223 million euros; After tax, 160 million euros remained.
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growth drivers in the first half of the year was the European foreign business with 82 percent sales growth. In the United States, revenues increased by 66 percent, 33 percent in Germany. After two years of Corona pandemic, people wanted to travel again, said Alexander Sixt.
Although the carmakers fight with delivery bottlenecks and the vehicle's vehicle is scarce, Sixt was able to increase his fleet significantly. Extended terms and additional suppliers contributed to this. With an average of 129,400 vehicles, the fleet almost reached the pre-corona level. Sixt benefits more than the competition from market recovery and profits market shares at home and abroad, said Co-CEO Konstantin Sixt. At the same time, economically non -viable cheap offers have disappeared from the market.
When Will Used Car Prices Go Down?
It isn't news to anyone who has shopped for a used car in 2022: The price of used cars has soared to record highs. According to the U.S. Bureau of Labor Statistics, its used car index, which tracks used car prices, has risen by 42% from December 2019 to October 2022. The free-market used car arena is built on the foundation that sellers can sell cars for the maximum amount buyers will pay. At this point, buyers are showing willingness and ability to pay astronomical prices. Used car prices shot from the first to the tenth floor like an elevator. They're likely to descend like an escalator, and a very shallow one at that. They may never reach the ground floor again.
First stop in Canada,
opens over the summer and also in the fourth quarter Sixt continues to expect high prices and high demand. The annual turnover should grow significantly, the annual profit before taxes are approximately 480 million euros. However, there are considerable uncertainties for the last months of the year in the face of economic development in Europe and the USA, and the production problems of the car manufacturers remained challenging. Sixt awaits new growth impulses in Canada, where the first stop was opened in Vancouver in July.
The Sixt shares, which had grown by 30 percent since the beginning of July, gave up by around five percent on Wednesday. Analysts explained that the numbers were solid, but the outlook is no longer a surprise.
Sixt now employs 7,300 people and wants to outperform the pre-Corona value of 8100 employees by the end of the year. The wages were increased vigorously, "we are looking for everywhere", including in Germany, said Alexander Sixt.
4 Reasons Not to Buy a Used Car -- Despite the Potential Savings .
You might spend less on a used car -- but will it cost you in other ways?If you need a car, you may be thinking of purchasing a used one over a new one due to the initial savings involved. New car buyers paid an average of $48,043 in June, reports Kelley Blue Book. Meanwhile, the average cost of a used car was $28,012 in June.