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Dealerpartnershipmodel

All articles tagged with #dealerpartnershipmodel

automotive-business2 years ago

"Fisker Shifts Strategy with Dealer Partnerships Amid Sales Target Challenges"

Fisker Inc. has announced a new Dealer Partnership Model in North America, aiming to expand its sales and delivery network for its electric vehicles, including the Fisker Ocean. This model offers fixed customer pricing and larger market territories for dealers, fostering a competitive edge without local competition. In Europe, a hybrid of direct sales and dealer arrangements is planned. The strategy is designed to be asset-light and sustainable, avoiding costly changes to dealer facilities. Fisker will also maintain Fisker Lounges for brand experience and sales lead generation. The company plans to add up to 50 dealer partners in the US and Canada, and a similar number in Europe, to meet the growing demand for electric vehicles and prepare for future model launches.

business-and-finance2 years ago

"Fisker Shifts Strategy with Dealer Partnerships Amid Sales Target Challenges"

Fisker Inc. (FSR) is adopting a Dealer Partnership model in North America to expand its sales and delivery network, aiming to establish around 100 dealer locations across North America and Europe. The company plans to integrate Fisker Oceans into existing dealerships by Q1 2024, with a focus on no-haggle pricing and larger market territories for dealers. This model is expected to help Fisker reach more customers, particularly those interested in electric vehicles, and improve the customer experience without requiring dealers to make costly facility changes. Despite this strategic move, Fisker currently holds a Zacks Rank #4 (Sell), with other auto companies like Volvo, NIO, and Toyota Motor Corporation ranking higher.