Commercial vehicle lessors are likely to face a shortage of
financeable assets during 2008.
The British Vehicle Rental and Leasing Association (BVRLA) has
voiced concerns that manufacturers are being caught out by dramatic
surges in demand for new trucks from the old Eastern bloc countries
as their economies boom.
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BVRLA director general, John Lewis, said that current order
times being quoted by several commercial vehicle manufacturers of
up to 18 months for a maximum-weight tractor unit pose a very real
threat to the industry.
He stressed: “BVRLA members operate some 50,000 trucks between
them and these vehicles represent a very high percentage of the
most modern and environmentally efficient trucks on the UK
commercial fleet.
“The necessity of having to reduce that profile because of
long-term supply problems is already causing issues in the roll-out
of digital tachographs and Euro 4-compliant vehicles across all
their branches. This will knock-on into their customers’ operations
as they seek to rationalise their own commercial progress within
the new technologies.”
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By GlobalData
