Nexus Vehicle Rental has announced a record year for bookings of commercial vehicles (CVs), crowned by its busiest December ever for vans, and following a month fuelled by Christmas commerce.
Nexus had double the number of vans out on rent year-on-year throughout December, and excluding short wheelbase vans, this number was three times higher than the same period in 2014 and resulted in a 29.1% year-on-year increase for van rentals in 2015.
Nexus' fleet covered a combined 8,373,400 miles during December, the equivalent of 336 trips around the equator.
The spike in van rentals highlights the current strength of the UK CV market and Nexus' ability to deal with unprecedented seasonal demand brought on by digital disruption to retail courier services during online shopping phenomena such as Black Friday, Cyber Monday and Christmas home deliveries.
The European Automobile Manufacturers' Association (ACEA) announced on Tuesday that new commercial vehicle registrations grew by 20.3% in the UK in December alone. Alongside this, UK production of commercial vehicles rose 33% year-on-year in 2015 according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
David Brennan, Chief Executive Officer at Nexus, said: "As a leading rental provider, we are well equipped to deal with seasonal demand and can offer guaranteed availability of vehicles - we have access to over 500,000 vehicles across 2,000 UK locations covering Newquay to Elgin! Rentals of CVs in particular were three times those observed in December 2014. This can be explained by the trend of the increasing value of online retail spend which was 8.2% higher than last year throughout December.We are able to source any vehicle at incredibly short notice, ensuring courier services were not affected over the festive period."
The parcel delivery service, Yodel, was one of many new customers Nexus served in December.
Dick Stead, Executive Chairman of Yodel said: "Peak plans assumed that parcel volumes over the busy peak period would vary on a daily basis, therefore Yodel needed to find a supplier capable of quickly meeting the changing vehicle needs. Nexus delivered that promise by helping Yodel adjust vehicle supply to parcel volumes by delivery location and this helped us to deliver a record breaking quality of service and record the highest levels of customer satisfaction over the biggest parcel volume peak in UK history."
"With a spike in van rentals, Nexus' fleet covered a combined 8,373,400 miles during December, the equivalent of 336 trips around the equator"