Fleets turning to short-term rental

Fleets turning to short-term rental

Posted by Thomas Spanhaak

The leasing company GE Capital says that fleet decision makers are spending more on short-term car rental.

The staff always go the extra mile to ensure they exceed our expectations, which is imperative in meeting the needs of our clients. I always know that the daily rental services that Fownd provide us with will have unrivalled level's of customer service. We are very fortunate to have Fownd working with us - Thanks.

Jason Rowley
Operations Director
Industry: Professional Services

The number of fleets using short-term rental vehicles has risen, and is expected to increase again in 2015, according to top 10 leasing company GE Capital.

Research from the firm's quarterly Company Car Trends report, showed that 38% of fleet decision makers said they spent more on rental in 2014 than in previous years, while 41% said they are expecting that trend to continue this year.

More than three quarters (76%) of van fleet managers said their rental spend has risen in 2014, while 48% believe they will spend more in 2015.

"What we believe we are seeing here is a hangover from the recession. Fleets are facing increasing demand as the economy starts to show signs of improvement," said Gary Killeen, managing director of GE Capital UK. "Fleets want to be able to retain the flexibility to hand back a vehicle at any point in time in the eventuality that we see another downturn. It is an understandable attitude."

Author: Daniel Puddicombe


Click to Email
Call to discuss your requirements 0845 46 36963