TOM Vehicle Rental is to double its rental vehicle fleet within the next three years.
In 2015, the company is adding 2,500 light commercial vehicles, 700 trucks and 500 trailers to its nationwide rental fleet, with an investment worth over £130 million.
Last year, TOM saw average utilisation of 94% on its rental fleet which has grown to over 9000 commercial vehicles.
In 2014, the business focused heavily on the reduction of the age profile of its fleet with an expansive vehicle renewal programme which seen it spend £99million on new vehicles, renewing around 40% of its total vehicle fleet and reporting a reduction in the average repairs and maintenance costs and vehicle off road rate as a result.
TOM purchased the Charthire business in 2014, which is now fully integrated and set up on its own 2 acre site with LCV and HGV workshop in Nottingham..
Together with upgrading of some existing locations, the investment in improving infrastructure totalled nearly £3 million.
TOM Vehicle Rental group managing director Robert Stewart said: “We understand our role in our relationship with our customers, we believe in our commitment to the highest service levels possible and to be achieving this we need to keep the vehicles on the road and keep our customers’ businesses moving. Everyone at TOM embraces this and the significant investment into our fleet and infrastructure underlines our ongoing commitment to increasing customer service quality, reducing downtime and enhancing our status as a major player in the van, truck and trailer hire market”.
“Our intention is to double our fleet size in the next 3 years. During 2015, we will continue to strengthen our business to prepare for further growth with some key additional locations in the pipeline. Our dynamic and progressive management team have a robust strategy in place to ensure that we achieve our goal with our focus remaining firmly on delivering excellent customer service and excellent commercial vehicles without exception.”