DLR publishes rental cost index for Q1 2023

Photo: DLR

France-based rental association DLR has created a rental cost index that it says will enable rental companies to monitor the evolution of the cost of equipment. 

In its index for the first quarter of 2023, DLR says that monthly or quarterly indices were collected from January 2019 to March 2023, which were then used to create an annual average that was added to the annual Rental cost index.

According to DLR, by comparing the average of the period from April 1 2022 to March 31 2023 with the period from April 1, 2021 to March 31 2022, the rental cost index increased by +6.04% in the first quarter of 2023.

The Association says the increase is reflective of “changes in allocations to depreciation, personnel costs, financial costs and diesel.”

The index, which has been created for DLR by NEO Engineering, a consultancy and study firm in the rental and distribution of equipment in France, will be produced quarterly and help rental companies better reflect their costs. 

Based in eastern Paris, DLR was founded in 1965 and also operates within the material handling and distribution sectors.

At the end of 2022, the organisation published a report into the French rental market, which saw a 5% increase in revenues in the third quarter of 2022.