Lucid’s record quarter got a lift from rental sales and company leases

Lucid Motors appointed a company record for sending 3,109 EVS to customers in the first quarter of 2025, North America, Europe, Europe and Saudi Arabia. A new company helped the sale of the sale of the car program and lease fleets.

According to an explanation in Lucid Motors’ Latest adjustment movieAbout 300 cars were sold in the quarter of about 300 cars as “rental companies”. Nick Twork, a spokesperson for Lucid Motors, in an email, a “vast majority” leasing companies used and re-cared as part of the manufacturer car program.

“As part of the normal course of work, we use fleet operations when we have a good opportunity in our work,” he said.

Sales in the first quarter for leasing and leasing companies, increased the supply of society in the fifth quarter of the fifth quarter and the number of cars delivered in the fourth quarter of 2024. This is often a difficult stretch for car sales of the beginning of the calendar year; For example, Tesla and Rivian industrial leaders saw dramatic drops of supplies to start the year each year.

LUMID’s record check is followed by the years of the companies that fight to build a market for a market for a luxury sedan, air. The company closed high hopes in the first half of this year, the first SUV waiting for more volumes.

Intermediate CEO Marc Winterhoff noted the stage at the beginning of the company’s profit last week. “Many of our customers tell us that it is still going to say that they live once, it is difficult to return,” he said.

To analyze the numbers

It is difficult to say how much cars for leasing and rental companies sell. The company refused to split existing numbers in regulatory documents. So far, only the dollar of vehicles sold in this way.

Lucid said he sells $ 27.2 million in vehicle worth $ 27.2 million in the first quarter. Dividing the revenues of Lucid ($ 235 million) by followers ($ 235 million) (3,109) The average sales price for the company shows $ 75,590 for $ 75,590, for rent and leasing companies sold in the 360s.

Whatever the exact number is, it also seems like an uptick. The company for the reference was sold in 2024 to sell $ 34.7 million to rental companies. In advance quotedYes, he said he was sold at $ 9.1 million in 2023.

Although the sales can help to deliver a quarter, they did not affect the company.

LUMID says that the regulation document says that these vehicles do not order income immediately in the cars sold in these vehicles in their vehicles. On this point, only books are coming – and even recommend the difference between a procurement price agreed with the difference and rental companies between the initial sales price.

Something secret to anyone works with rental companies. The company was declared the sixth of Germany in October 2024 Begins to use LUMID is in the fleet of rental vehicles. Also, there is a contract related to a lesser socialized enterprise. However, until the last regulation document, the lease sales were difficult to measure how much the Lucid’s total delivery figures affect.

The company is very important for the appreciation of the customer demand for the first home, weather, weather, for a number of reasons for a number of reasons. In 2021, the company began selling the air at a time when the sedans came out in fashion in North America. Lucid first focused on the most expensive versions of the air between the first two years of sales.

As this sales climb slowly, Tesla began to sprinkle prices in their vehicles to protect the growth of Wall Street. This price cuts caused a domino effect for other cars selling EVS. In this case, Lucid began to send the most favorable versions of the sedan – the weather made a lot of price cuts to compete in late 2023.

Former CEO Peter Rawlinson – Who was changed after the year after the role – gossip In 2023 “[t]OO AZ man is not only a car, but even aware of the company. ”

Intermediate General Director Winterhoff said Lucid had taken away the marketing efforts to make beef. The company spent $ 3.5 million in sales and marketing in the first quarter and should wait for investors to increase in the last week’s call.