Many changes are coming our way in 2015 - most of them good, with some of them not so good. Construction business is improving from what I can tell. Backlogs are better and it looks like a busy year for contractors. (Knock on wood!) The rental industry is also improving. According to a recent survey, 60% of equipment dealers plan to increase the size of their rental fleet; 38% plan to significantly increase fleet size; and another 38% plan to keep their fleets at the current rate. The rental companies are making fleet adjustments, as well. What is driving these adjustments? You are! Of the contractors polled by Wells Fargo, 45% indicated they will rent the same amount of equipment in 2015 as last year, 26% will increase rentals moderately and 11% will significantly increase rentals. The point here is there should be t meaningful improvement in rental asset availability, which makes life easier for contractors as well as equipment manufacturers.
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