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Monthly Archives: February 2019

Remove significant cost from your car fleet. Get your personal cost-reduction report

Remove significant cost from your car fleet. Get your personal cost-reduction report

Company car benefit for professional, managerial, executive and other client-facing employees remains a highly attractive incentive. It can be both a powerful and persuasive competitive advantage when recruiting and retaining top talent and helps an employer develop a standout rewards package. It can also, however, be a massive investment, and in larger businesses it is typically the second biggest cost category behind labour. Experience suggests that operating 100 company cars will typically cost about $1.2m per year.

The complexities and nuances of a company car fleet supply chain mean there are massive opportunities for cost creep throughout the life of a contract. Indeed our own research into a company car fleet of over 2000 vehicles shows that unplanned and variable costs account for over 24% of overall fleet spend. To mitigate this cost creep it is important to work through all the possible tactics for creating a slick and cost-efficient supply chain that will control cost and remove the risk of unplanned spend.

We have outlined 28 tactics that all help remove cost from a company car fleet. They are categorised by the savings they will generate and the complexity of implementation. We have developed an interactive tool that will produce a set of personalised tactics based on the selection of the following:

  • Time
    • This allows you to select the timescales you have for delivering the cost-savings. The longer the time scales, the more likely a higher level of savings.
  • Expertise
    • We recognise that not all those with a responsibility for fleet have a detailed understanding of a fleet supply chain. This variable allows you to select your level of expertise about fleet, from basic to expert.
  • Employee Impact
    • Company cars can be very emotive and some cost saving tactics will have greater employee impact than others. You can select the level of employee impact that you are willing to accept, influencing the tactics that are suggested.

Plugging in your status across these three variables will result in a personalised set of tactics that could be employed to remove cost. They will also be presented on a chart which show likely savings and how complex they are to implement.

To establish your personalised tactics to remove cost from your company car fleet simply enter the three responses to the variables at Fleetworx Fleet Cost Saving Tool and download your personal report

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Driving in the EU after a no deal Brexit – Company car driver briefing

Driving in the EU after a no deal Brexit – Company car driver briefing

So we are fast approaching Brexit deadline day. Like it or not, it could be a no deal Brexit awaiting us on the other side of March. But what are the everyday implications for UK companies running a company car fleet and especially those whose drivers need to drive or take a car into the EU. Here is a very quick no deal Brexit briefing indicating what fleet owners need to do in the event of leaving on 29th March without a deal.

  1. Licence – drivers may need to obtain an International Driving Permit (IDP) to drive in the EU. There are different types of IDP and they will depend on in which country you are driving. Be careful to research the type that will be needed by your drivers’ as they could be turned away at the border or face fines if they don’t have the correct IDP.
  2. Vehicle number plate – even if your vehicles have a euro-plate, vehicles may need a GB sticker. Bizarrely, the vehicles will not need a GB sticker to drive outside the UK if a euro-plate is replaced with a plate that features the GB sign without the EU flag!
  3. Motor insurance – if the UK leave without a deal then drivers will need to carry a motor insurance Green Card when driving in the EU and EEA.

It is important to remember that all of the above applies to Ireland, so any driver movement across the Irish border will need to adhere to these guidelines, something that, if not planned, could catch out many unsuspecting company car drivers.

So, other than some regulations around data protection that may be required, the above appears to be the extent of the implications if the UK leaves the EU without a deal – a little bit of short-term pain for company car fleet operators, and their administrators, but nothing too challenging.

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