Fiat Partners with Virtuo on Adding New Leasing Offer
FACTS
- The car industry group FCA officially teams up with innovative car rental specialist, Virtuo.
- The FrenchTech Virtuo manages a fleet of upmarket connected vehicles, accessible 24/7 via a mobile app. They feature short rental periods ranging from 1 to 28 days. Virtuo can count on 30 stations in train stations, airports and city centres.
- Until recently, Virtuo’s service was only based on a partnership with Mercedes. They are now adding Fiat vehicles to their set of offers. FCA group provides them with a fleet of Virtuo 150 Fiat 500X vehicles.
- These cars will be available in 7 towns in France, and accessible using the Virtuo app; 11 towns will later on be covered.
- Prices start at €29/day.
CHALLENGES
- Attracting younger customers. Fiat teams up with Virtuo to attract younger, more connected customer segments: a slight strategic shift intended to increase their offer’s popularity.
- For Virtuo, this partnership with Fiat is a means to diversify their fleet through aiming for more , including less high-end segments.
- Boosting mobility-oriented services. Fiat bets on this agreement to test new models and enhance their skills in mobility-focussed services.
MARKET PERSPECTIVE
- Just like several other car manufacturers, FCA seeks to reshape their business model, reaching out for additional industries including retail, leasing sector, electric mobility (with engie) or in-car services (Uconnect Market platform).
- With Virtuo, this group further seeks to renew their model while avoiding the risks inherent to crafting new service in their own name.