Here's another of our monthly updates from Auto Europe's Commercial Director for the UK and Ireland, Peter McAree:After a cold winter of financial discontent, it's been a difficult time for everyone, but we've been encouraged by the general determination most people have to find money in the budget for a holiday. Most of us are willing to cut back on lifestyle spending, but to sacrifice those few precious days away from it all is for many a step too far.Just like almost every other business in the UK, Auto Europe is experiencing the effects of the recession, but perhaps not in the way you might expect. Instead of a slow-down in car hire bookings resulting in a surplus of unused vehicles, we've seen complete sell-outs in the most popular destinations, particularly during the busy school holiday periods.This is because many of the major suppliers have been buying fewer new cars this year. As a result, fleets are reduced and availability is limited. Over the Easter break we sold out of vehicles in some of the major holiday destinations in Spain. With a predicted 12 million people holidaying closer to home in 2009, the UK is performing strongly, closely followed by France, and it's likely that each of these countries will certainly run tight and together with Spain, could even run out of rental vehicles during the height of the summer season. Another affect we've noticed is the increasing trend for last-minute booking. It's understandable that travellers are reluctant to commit early-on to plans when the future is still uncertain, but I'd strongly recommend making an advance booking to avoid disappointment if you're planning to hire a car this year. Making a reservation now will guarantee that you get the type of car you need from the pick-up location you want. There's no risk involved if you book with us, as you can amend a booking free of charge or cancel for a full refund up to 48 hours before the time of collection. Late bookers could find it impossible to find the right vehicle, and when they do, prices could be substantially higher.