Advertisement feature from Europcar
With online shopping and home deliveries becoming the ‘new normal’, plus other sectors such as construction returning to pre-pandemic levels, Europcar’s UK Vans & Truck division has reported strong demand for van rentals. In particular, the flexibility of Europcar’s long-term rental solutions has been key for businesses that rely on commercial vehicles to be able to manage fluctuating workloads and workforce.
Off-balance sheet solution
The role of flexible van rental, particularly in the logistics and construction sectors, has been very important over the last few months and will continue to be a crucial lifeline during these economically uncertain times. Rental - whether just for a day or two or for longer term - offers an off balance sheet solution that does not require large initial cash outlay or extra funding. And there’s no early termination penalties either.
This makes it ideal for companies that are looking to protect their cash. Indeed, research carried out by Europcar in 2019 found that 71% of UK businesses have ‘spare’ vans in their fleets to cover SMR downtime. These underused vehicles tie up capital which could be put to better use, especially as organisations now need to focus on ways to keep cash within the business whilst dealing with rapidly evolving changes in demand.
As a leading player in the van rental market, Europcar offers a wide choice of vehicles, supported by an extensive range of services that cater to varied needs. One-off van and truck rentals, through to longer-term hire means companies can respond quickly and efficiently to changing circumstances and customer demands – all with no long term commitment or pressure on the balance sheet.
Supporting 10% of the UK workforce in 2019, Light Commercial Vehicles make a significant contribution to the UK economy. But now businesses need these workhorses to deliver more flexibility than ever, particularly as estimates suggest that COVID-19 will cost SMEs, who account for over 99% of all UK businesses, an average £11,779 each in lost work, loan repayments and lost earnings.
To face the new economic challenges UK businesses need to work with supply partners who can be flexible enough to understand the commercial issues they face and provide a bespoke solution. And Europcar’s nationwide branch and van supersites network means convenient and quick access to vehicles – all with added hygiene measures in place to keep everyone safe. Plus customers benefit from competitive rental rates. And with no deposits or up-front payments plus the support of an experienced customer service team, rental packages can provide timely support, when and where it is needed.
Research carried out by Europcar Mobility Group UK in 2019 of 300 business decision makers across the UK.