Stellantis and the Carsharing Exit: What Went Wrong?

Stellantis is exploring the sale of its carsharing business, following the lead of other players who have either exited the market or downsized their operations. Factors contributing to this outcome include:

📍 Vandalism

📍 Cleaning costs

📍 Expensive logistics

📍 High amortization costs due to lower usage etc.

Just a few year ago, there were high hopes for this sector, but the reality is that the business model has proven unsustainable. Affordable A- and B-segment cars designed for such mobility, along with some flexibility in GDPR regulations and the application of high-tech insurance policies, could potentially salvage this valuable business model. However, EU regulators are overly demanding and have not supported the development of a healthy ecosystem.

It is truly a pity.