National Connections, Local Ownership
National Connections, Local Ownership

Equipment leasing and rentals take new turns in 2023

Originally published in FleetOwner

Rental and leasing operations are an integral part of the trucking and transportation industry, serving fleets of all types and sizes. FleetOwner recently spoke with experts at leasing and rental companies, OEM dealer organizations, and management solutions providers on several subjects for their perspectives.

A number of topics were discussed, including trends in new equipment availability for the leasing and rental market and the impact of delays in delivering new vehicles to fleets on their operations. Also covered were industry and economic factors that drive the availability and use of leasing and rental equipment as well as their view of the most recent changes over the past year and their outlook for the remainder of 2023.

Panel of experts

What trends are you seeing in new equipment availability for the leasing and rental market?

Vicha: Since the end of 2022, we have seen a consistent double-digit drop of 10% to 15% in rental utilization across all regions and markets. But it’s not as negative as it sounds because we’ve returned to normal levels for this time of year. Before, because of a lack of available vehicles, we were at levels that were unsustainable and were causing challenges in supporting our lease customers.


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