Demand for van rentals continues to remain strong post-lockdown, exceeding 2019 levels in some cases as businesses find ways to manage fluctuating workloads and workforce.
According to Europcar Mobility Group UK, the boom in online shopping and the consequent home deliveries, as well as a return to pre-pandemic levels in sectors such as construction, means its Vans & Trucks business is performing well.
And it says that while the role of flexible van rental, particularly in the logistics and construction sectors, has been very important over the last few months, it will continue to be a crucial lifeline during these economically uncertain times.
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.
And this is where flexible long-term rental comes into its own, says Europcar.
Research carried out by Europcar in 2019 found that 71% of UK businesses have ‘spare’ vans in their fleets to cover SMR downtime, but these vehicles tie up capital.
Stuart Russell, LCV sales director, Europcar Vans & Trucks, explained: “Rental – whether just for a day or two or for a longer term – offers an off balance sheet solution that does not require large initial cash outlay or extra funding. And this makes it ideal for companies that are looking to protect their cash and not have fleets sitting around that they may not need every day.
“Our expert team can offer businesses the support they need to get the right vehicle for the job at the right time, as we all play our part in ‘building back better’.”