16 Facts About Sixt

In 1912, Martin Sixt founded the company with a fleet of three cars, creating the first car rental company in Bavaria.

Sixt was transformed again in 1986, this time becoming Sixt AG, a corporation traded on the German stock exchange.

Sixt AG acted thereafter as a holding company of the Group.

Also in 1993, Sixt bought the assets of its competitor Autoverleih Buchbinder, operating the brand briefly before finally discontinuing it.

Sixt had failed to secure the naming rights, and subsequently Buchbinder was re-established and continued operating in the market.

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Sixt had controlled de facto the pricing for the independent franchisees' prices, as they were part of the Germany-wide reservation system.

In 2006, Sixt made a bid to take over its competitor, Europcar, when owner Volkswagen offered it for sale.

Since 2007 and via subsidiary companies, Sixt has operated the online brokerage of motor vehicles with the websites Autocommunity Carmondo, Mystocks, RadAlert, Winebase, and autohaus24.

In 2013, Sixt AG was converted to the legal form of a European Company and since then has been called Sixt SE.

In May 2015, Sixt brought its subsidiary Sixt Leasing AG to the Frankfurt Stock Exchange.

At the beginning of 2018, Sixt sold its shares in car sharing service DriveNow for 209 million euros to its joint venture partner BMW.

In February 2019, Sixt started an own mobility platform and a new car sharing service named Sixt share.

In 2020, Sixt sold all its shares in Sixt Leasing SE in order to focus its business on its mobility services.

In June 2020, Sixt acquired 10 concessions at U S airports from Advantage Rent a Car.

At end of July 2020, Lyft and Sixt announced a cooperation, where Lyft app users can rent a car from both partners through the app.

In 2022, Sixt becomes the first car rental company in Europe to offer BYD's vehicles.