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dragontamer

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SIXT ditches Tesla cars for BYD in its electrification push citing abysmal depreciation and repair costs (www.notebookcheck.net)

submitted 10 months ago by dragontamer to c/realtesla

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[–] buzz86us 2 points 10 months ago* (last edited 10 months ago)

I like BYD because they are conservative with tech.. Which translates into more serviceable cars. Overall better for fleet type operations.

[–] darganon 1 points 10 months ago (2 children)

Awww, did someone pay too much for vehicles when the market was absolutely insane and get bit? So sad.

[–] [email protected] 5 points 10 months ago (1 children)

I struggle to see how the price cuts would affect the current fleet tho. Presumably they budgeted the acquisition at this price and decided it would be profitable, not sure how a price change of new cars would affect that.

[–] PrettyLights 5 points 10 months ago

They likely factored in the old higher resale value of the cars when forecasting and determining profitability.

In the US most rental fleets replace their vehicles roughly every 2-4 years.