Impact of Covid-19 on French rental
By Thomas Allen21 April 2020
Almost half of respondents to a survey of rental members of the DLR association have closed depots due to the coronavirus crisis, and 4% are considering permanent closures of their businesses.
The survey was conducted by Lugaxis on behalf of the French Commerce Council CdCF, with data from rental companies relayed to DLR. Almost 80 rental companies, representing 15% of DLR’s rental company membership, completed the survey.
Of the companies that responded, 72% still have at least some staff working, and almost all respondents have managed to continue with their administrative processes during the pandemic. They generally reported success with the postponement of taxes and bank loan repayments, but have had trouble with insurance and the deferral of rental payments.
It is believed by 41% of companies that the sector will take at least six months to recover.
The DLR has a coronavirus information page that can be viewed here.