Survey reveals rental confidence fall
By Murray Pollok04 November 2008
The survey reveals almost a half expect zero growth or falling sales next year, and the proportion expecting over 10% growth fell from almost 50% last year to 19% now. Almost 250 rental companies and equipment suppliers responded to the survey during October, at the height of the banking crisis.
The annual ‘Rental Confidence Index' has also taken a knock, falling 13% to an all-time low of 63.3 (where 100 means extremely optimistic, 50 means neutral and 0 no confidence). For the past five years it has consistently been at the 70-73 level.
However, there are causes for optimism. Despite the reigning back on spending, a hefty 51% of companies are still planning to expand their fleets next year (a figure that has consistently been 80% or more for the past four years).
Likewise, although 9% of survey rental firms plan to close depots next year, a very respectable 35% are still planning to add rental locations to their networks.
Read the full survey in the November-December issue of IRN.