Optimistic Report Released by BVRLA and Motor Transport

The commercial vehicle rental and leasing sector continues to have a rosy outlook about the economy, according to a new report just released by Motor Transport and BVRLA.According to the 2014 CV Informer survey, more than three quarters of businesses that participated have indicated that they expect their revenues for 2014 to be higher than they were last year, while 20% expect no change and only 3% indicating that they had concerns that revenues would fall.

This increase in confidence level is significant, as last year’s survey that was released on the same date only indicated half of participants anticipating improvement from 2012 to 2013, and almost 25% feared a decline. The information was just released during a breakfast at the 2014 CV Show, which is being held at the Birmingham NEC. The event included presentations by the economics editor of the Sunday Times, a speech by BVRLA Chief Executive Gerry Keaney and the launch of the Driver and Vehicle Standards Agency’s (DVSA) new Guide to Maintaining Road Worthiness.