North East vehicle hire business Redde Northgate says it expects demand for its vans and cars to increase over the next year.
In a pre-close update to investors, the Darlington-based plc said it would meet upgraded financial expectations as underlying revenues excluding vehicles sales were about 24% ahead of 2021.
Like others in the sector, the firm has experienced a shortage of new vehicles and rising values of used stock, although it suggested values would come down going into 2023.
