Nexus Reports Record Rental Growth

Tuesday, January 31, 2017 - 12:54
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Nexus Vehicle Rental, the UK’s leading corporate vehicle rental provider, has reported a record rise in rental bookings for 2016. This includes a 50 per cent year-on-year increase in vehicles out on hire during the industry’s peak period from late October to late January.

During the peak period, Nexus supplied over 1,800 vans and commercial vehicles from 40 suppliers to corporate customers including Yodel to deal with the annual uplift in delivery demands. These were largely composed of extra-long and long wheelbase vehicles.

Nexus was able to report this rise due to its breadth of supply across the UK where it has access to over 500,000 vehicles across 2,000 UK locations and is able to fulfil any new booking within two hours.

David Brennan, CEO at Nexus Vehicle Rental, said: “Nexus has been able to take advantage of the increasing opportunities within the corporate rental sector due to our unrivalled supplier network which is the largest in the country.

“We provide over 1,000 customers access to more than half a million vehicles, simplifying the rental booking process for customers such as Yodel. As a rental broker, we work with 99% of our suppliers all year round meaning in peak periods we already have stringent SLAs set up which guarantee the service.

“During our last peak period, we worked with 40 specific suppliers to temporarily increase our customers’ fleet capacity to cope with seasonal demand. Our business model works as it wouldn’t be efficient or cost effective for our clients to contact 40 different suppliers themselves which is why they come to Nexus.”

Nexus, which offers full UK coverage including Northern Ireland, is focused on delivering outstanding customer service through its people, technology and service partners and also provides industry leading fleet and rental management systems and solutions.

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