The importance of rental to efficient commercial fleets - Fleet Summit
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  • The importance of rental to efficient commercial fleets

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    David Brennan (pictured), CEO of Nexus Vehicle Rental, explores how rental plays a key role in the running of an efficient commercial fleet… 

    The commercial vehicle (CV) industry is the backbone of the UK economy, with vehicles facilitating the movement of people, assets, and goods, stimulating the economy and helping to keep it stable. 

    Although often seen as a short-term solution, fleets are increasingly turning to rental – for short, medium, and long-term use – to safeguard against market uncertainty. Rental offers flexibility, enabling fleet capacity to be scaled up to cope with peak periods and scaled back at quieter times of year, minimising costs as you only need to pay for additional vehicles when you need them.

    In a deadline-driven industry the right distribution channels are essential, with access to a strong vehicle supply chain to avoid downtime being paramount to keeping businesses moving. 

    Through its pioneering rental booking and management platform, IRIS, Nexus has transformed the business mobility industry in much the same way that Uber disrupted taxi services – by providing on-demand access to the UK’s largest supply chain of 550,000 vehicles across 2,000 locations, including commercial and specialist vehicles, EVs, HGVs and one, day autonomous vehicles. Nexus provides businesses with a viable, cost-effective alternative to the outright purchase of new commercial vehicles, which depreciate in value quickly.

    IRIS works to minimise errors and enables customers to self-serve, putting them in control of the entire rental process. Automation means that 90% of bookings involve no human interaction, which helps to streamline rental management and allows new bookings to be made in just 30 seconds. 

    Along with this, IRIS’ intuitive Management Information (MI) suite also spots trends in vehicle usage to identify inefficiencies in the rental process. This provides complete transparency to all rental vehicle requirements and enables users to make informed decisions on how to reduce business costs. 

    By seeking a flexible rental solution, through a third party such as Nexus, businesses are always equipped to meet their changing mobility needs. Nexus is best placed to keep businesses moving with its all-encompassing technology-led mobility solution.

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