Tesla Struggles with European Leasing Companies Over Falling Resale Values and Service Issues
Tesla is taking significant steps to mend its strained relationships with European leasing companies.
Stay updated with breaking news from Bart Beckers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tesla is taking significant steps to mend its strained relationships with European leasing companies.
Tesla's price war with China is hitting European rental companies in the same way it did Hertz in the U.S.
Tesla is working to appease some European leasing companies after the automaker’s repeated retail price cuts tanked their fleets’ value and its slow service and expensive repairs alienated their corporate customers. The efforts include unofficial discounts on purchases of new cars if they are in stock and efforts to address widespread service, repair and ordering complaints after years in which fleet managers and leasing firms say Tesla has ignored those problems, according to Reuters interviews with nine executives from major leasing and rental-car firms, along with about a doz...
Tesla faces challenges in Europe as repeated price cuts hurt leasing companies' fleets and slow service alienates corporate customers. Tesla is offering unofficial discounts and addressing service complaints, but struggles with falling resale values and competition from Chinese and legacy automakers. Fleet customers demand better service and lower repair costs.
This comes after fleet managers and leasing firms reported that Tesla had previously ignored these issues.