An increase in spot rental of vans and trucks was recorded by TLS Vehicle Rental in the first quarter of 2010 - and is being reported by the company as an indicator that the economy is very slowly moving forward.
Simon Cook, sales director, explained: “For commercial vehicle rental companies, the recession has been all about long term rental, with customers using hire as a flexible alternative to buying a van or truck. Short term, spot rentals fell away.
“However, for the first time in around two years, we have seen an increase in spot rentals. A trend of this type is usually a sign that our customers are responding to day-to-day demands for transport, so is an encouraging economic sign, although slight.”
Cook said that the increase in spot rental could be seen as a parallel development to the high level of demand for used vans and trucks, alongside the first signs of recovery in the new commercial vehicle market.
He said: “The state of the CV sector as a whole is always a good indicator of the state of the general economy – if people need vans and trucks, it is because there is demand for the goods and services they provide.
“While we remain extremely cautious about prospects for the general economy through 2010, we do at least appear to be slowly moving in the right direction.”
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