Saturday, April 13, 2024

Car brands must pay compensation for electric cars, says Danish director

There are very high – even too high – differences in the actual values of electric cars. Therefore, a number of leasing companies now want the car brands to pay compensation. A Danish director leads the way.

It is not only private individuals who are fighting against insolvency because they have electric cars, which are depreciating in value, sitting in the garage.

The big leasing companies do the same. And in fact, the fluctuating values of electric cars means that the leasing companies are now fighting against the car companies in particular.

The leasing companies often have thousands of cars at once. And it is when these cars go on to the second-hand market that the leasing companies feel that the car brands have taken them by the nose.

This is written by the financial media Bloomberg .

READ ALSO: Car company in crisis must save DKK 44 billion – nobody and nothing is safe

The electric cars are worth far less as used than both the leasing companies themselves and probably the car brands had expected.

In fact, the head of Toyota's European division recently went so far as to say that there is no market for used electric cars. Read more about it here .

At the French leasing company Ayvens, formerly called ALD, they now go straight for the throats of the car brands. Ayvens wants compensation for some of its more than 500,000 electric cars.

According to Bloomberg, the company's Danish director Tim Albertsen said this when the director presented the company's accounts earlier this month.

In fact, the car brands have already started to compensate Ayvens financially, the director stated in connection with the publication of the accounts.

However, it is not only the leasing company with the Danish director who is working to protect himself against the absurdly high loss in value of the electric cars.

Several of the competitors are renouncing electric cars altogether. Or secure buyback clauses into the contracts. This is the case with Hertz, for example, with a very popular brand on Danish roads. Read more here .

Read more news from and about the automotive industry here!

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