PacLease Reports Spike in Rentals

Paccar Leasing Co. reported that demand for medium- and heavy-duty truck rentals has increased markedly within its system over the past four months.

PacLease Class 8 rentals have jumped 20% nationwide, with the West Coast up 25% in that period, according to the Bellevue, Wash.-based company, a unit of Paccar Inc.

Growth in the Classes 6 and 7 segments is also heating up, “being driven in part by the seasonal need of the agricultural business,” Chachi Hernandez, PacLease’s national director of rental operations, said in a statement. “Overall it’s strong, too.”

At the same time, increased rental activity signals an increase in leasing and sales of trucks. “We’re also finding some customers who have ordered new trucks and use rental trucks as a bridge,” Hernandez said.

PacLease is also seeing a steady climb in customers who rent before they lease.

PacLease has independent and company-owned full-service leasing locations throughout the United States, Canada, Mexico, Europe and Australia.