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Fleets to further ramp up use of short-term hire

Almost two in five fleet decision makers (38%) say that they have spent more on rental in 2014, while a similar figure (41%) expect to do the same in the next 12 months.

The picture is even more pronounced for van fleets, where more than three-quarters of fleet decision makers (76%) report that their rental spend has risen while almost half (48%) believe that they will spend even more in 2015.

The figures show the percentage of respondents who say their rental spend has increased:


Year to date

Next 12 months







Gary Killeen, managing director at GE Capital Fleet UK, said: “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. They 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.

"Unfortunately it makes little sense from a financial point of view. Daily rental is very much a top-up to your standard fleet needs rather than a long term solution and using it as an ongoing method of fleet provision is very expensive. That flexibility comes at a high price.

“We are starting to see some fleets take a more structured approach to answering the need for further vehicles rather than simply turning to a rental company. We are having conversations with several about the need to manage capacity while maintaining a high degree of flexibility. It is all about helping fleets to forecast and meet demand successfully.”

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.