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Sixt:Quarterly Results/2025 Q2: Difference between revisions
→2% of their Vehicles are affected by recalls
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* They can't lease vehicles under recall. | * They can't lease vehicles under recall. | ||
* Much of the impact is where OEMs doesn't have the fix or the parts. | * Much of the impact is where OEMs doesn't have the fix or the parts. | ||
* It expects headwind from the recalls to be felt from Q3. | |||
" First of all, for the quarter, for Q2, we really didn't have much of a headwind for recalls. It's really Q3 is where I think we're going to experience the impact. So we're -- as I think Sandeep mentioned, we're about 2% of our vehicles currently on recall. That's about 1.5 points higher than normal," Dube said. | |||
"We don't have the ability to rent a car when it's on recall...So much of the impact that we see today is where an OEM does not have the fix for the recall develop candidly or the parts aren't available. So those are the kind of two pieces that we're working our way through. And then I'll just say not all OEMs are created equal in this respect, right? So mix is an important part of it. But you're right, I think the younger fleet also has less exposure to recalls in general." | |||
== References == | == References == | ||