The association’s latest Business Impact Survey shows that although the vehicle rental and leasing industry is optimistic about economic recovery, there is widespread concern about vehicle supply.
The survey, which was carried out in May, shows that 90% of respondents expect the economy to improve in the next six months. 70% anticipate improvements for the leasing sector and 75% are expecting to see increased demand across the rental sector as the easing of restrictions unfold.
The survey also shows that industry is planning for growth over the coming months with 71% expecting to increase their fleet size during the remainder of 2021. This is in stark contrast to the figures reported in the association’s February survey, which revealed that only 54% anticipated fleet growth this year.
Read the press release issued 11 June: Vehicle supply issues risk recovery, says fleet industry.