{"id":4590,"date":"2013-05-02T19:13:57","date_gmt":"2013-05-02T19:13:57","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=4590"},"modified":"2018-02-08T19:31:15","modified_gmt":"2018-02-08T19:31:15","slug":"car-and-van-hire-delivers-14bn-of-uk-gdp","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/4590","title":{"rendered":"Car and Van Hire Delivers \u00a314bn of UK GDP"},"content":{"rendered":"

The UK’s car and van rental industry contributes \u00a314bn to the UK’s economy each year<\/strong>, according to a new report commissioned by the BVRLA, the industry’s trade body. That’s equivalent to \u00a31 in every \u00a390 of UK GDP when\u00a0the operations of the industry itself, the UK-made vehicles and engines it purchases, the activity of UK dealerships and its impact on the used car market are taken into account.<\/p>\n

Not all car and van hire<\/a> businesses have thrived during the recession, but it has remained pretty healthy and some operators have thrived. The success of the industry has been helped by innovative and forward-thinking companies such as this one<\/a>, that have realised that daily hire can be a meaningful substitute for ownership and leasing, removing the balance sheet risk and financing difficulties from businesses, leaving them free to concentrate on their core activities.<\/p>\n

In terms of jobs, the industry employs 38,000 people directly and a further 145,000 people through wider supply chain and consumer spending effects. The total employment supported by the industry is equivalent to 1 in every 175 workers in the UK, and the\u00a0sector generates around \u00a32.8 billion of tax revenue per year.<\/p>\n

The automotive sector is one of the UK\u2019s few manufacturing success stories and vehicle rental and leasing companies are among its largest customers, purchasing an estimated 220,000 vehicles in 2011. This is 15% of total output but a massive 82% of UK vehicles sold to domestic customers. This expenditure is estimated to have supported a \u00a32.4 billion contribution to GDP, 52,000 jobs and \u00a3810 million in tax receipts.<\/p>\n

In the same year, the vehicle rental and leasing industry\u2019s expenditure on foreign-made vehicles containing UK-made engines is estimated to have generated a \u00a3349 million contribution to GDP, 7,600 jobs and \u00a3120 million in tax receipts.<\/p>\n

The vast majority of this business is conducted through motor dealers. In 2011, the sector purchased \u00a311.1 billion of foreign-made vehicles from UK dealerships. This activity supported a \u00a398 million contribution to GDP, 2,000 jobs and \u00a331 million in tax receipts.<\/p>\n

There is also a positive environmental angle to this activity. The industry can rightfully claim to play a leading role in driving down emissions. At 123g\/km, the CO2 emissions of the average lease car registered in 2012 was 25% cleaner than the average car on UK roads.<\/p>\n

Sounds like a good reason to consider hiring a van<\/a> instead of owning one, especially if you don’t need it every day.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new report has shown that the UK’s car and van hire sector is responsible for \u00a31 in every \u00a390 of annual GDP — or \u00a314bn and 183,000 jobs.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[309,1678],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/4590"}],"collection":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/comments?post=4590"}],"version-history":[{"count":4,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/4590\/revisions"}],"predecessor-version":[{"id":10780,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/4590\/revisions\/10780"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=4590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=4590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=4590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}