Guys, what do you think about the Europcar share after Avis & Co have taken off? When will Europcar take off or how will it continue to develop? Looking forward to your opinions! 👍🏽
VW buys back Europcar for about 2.5 billion EUR. I was honestly quite surprised, I had not expected something like this - well, how? 😅😂
Diess (CEO) originally wanted to make the whole group and structure a bit leaner too, but oh well. Now just not, at least in relation to Europcar. One wants to build a mobility platform with Europcar then, after all, the company is the leading car rental company in Europe. In important places (e.g., airports), the company is already positioned, of course. Really good in that respect. I think anyway that both car sharing and pure car rental will continue to increase. I know many people (who live in the city) who no longer want their own car. In that respect, perhaps a strategically good acquisition. 🧐
In my opinion, it is a good buy for VW, as it has already been seen in recent years that car sharing is becoming more and more important in the city (see link to statistics). In addition, VW is also positioning itself well for the future, because perhaps the acquisition could also be beneficial in the operation of robotaxis. Source: https://de.statista.com/statistik/daten/studie/324695/umfrage/carsharing-fahrzeuge-in-deutschland/
