Rental report
Page 39
If you've noticed an error in this article please click here to report it so we can fix it.
ICC BUSINESS RATIOS last week brought out a business ratio report on Vehicle Rental and Leasing comparing the performance of 99 firms over three years.
The following are abstracts from the ICC "commentary": "Recent growth has seen the motor car business of the members of the Equipment Leasing Association rise from £57m in 1977 to £468m in 1979, while the commercial vehicle business increased from £114m to £225m. But the potential for further growth remains high, with some 80 per cent of all company vehicles still bought outright rather than through a leasing or hire arrangement."
"The benefits of leasing for hauliers differ somewhat from those for which major business houses with large fleets of company cars are looking, and often are an attempt to counter diminishing resources following ra
pid inflation of vehicle prices ii sector with particularly tic margins."
'Manufacturers too are coming involved, with Rena owning Europcar, which earl this year bid for the car hire terests of Godfrey Davis, w Midland Bank support Thou several major companies lor large in the sector, includi Godfrey Davis and United Dor nions Trust's Swan National,1 estimates are that some 60 I cent of the business conducted by the smaller cc panies."
"The need for regular rene% of both company car and rc haulage fleets, means that • vehicle rentals and leasing s tor can probably expect strc growth for the future in a mar in which the room for growt1 considerable."
ICC Business Ratios is a divisior Inter Company Comparisons Ltd City Road, London EC1Y 1BB 638 2946).