New research by the BVRLA and Motor Transport indicates that the commercial vehicle rental and leasing sector is feeling positive about the year ahead.
Provisional findings from the 2014 CV Informer survey, of nearly 200 companies, show that 77% of businesses expect the sector to do better this year than it did in 2013, with 20% predicting a similar performance with just 3% expecting conditions to deteriorate. Confidence has risen since the same time last year, when just 50% of respondents expected business conditions to improve and 23% thought they would decline. The full, detailed report will be available in early Summer.
The findings were unveiled during a breakfast briefing at the CV Show with Sunday Times Economics Editor David Smith. Speaking after the event, Mr Keaney said, “It is great to be able to bring so many leading figures from the industry together and provide them with such a valuable insight into key market trends and legislative developments.”
Nearly 200 companies took part in the 2013 CV Informer research and Motor Transport hopes to improve on that response this year before publishing a full, detailed report in early Summer.
Andy Salter, Managing Director of Road Transport Media, the publishers of Motor Transport, said, “The 2014 CV Informer clearly builds on the success of 2013’s inaugural activity, demonstrating the strength in depth of the commercial vehicle rental and leasing sector and reflecting the wider optimism in the economy. Our partnership with the BVRLA on this project brings together our combined expertise to ensure we are serving the market with a unique information offering.”