INCREASED pressure on personal finances is creating new potential gray fleet dangers. Peter Golding, managing director at fleet management software specialist FleetCheck, said that drivers using their own cars for business were being tempted to cut corners to save money.
He said: “The current economic situation means that even people on what might be called good incomes are feeling the pinch and looking to make savings. Their car is one place where they may well look to reduce expenditure.
“There are several ways in which they might try to achieve this. One is to postpone routine maintenance, either in the shape of regular servicing or in delaying replacing wear items like tires and brake pads. Another is that they might reduce their insurance cover to third party only or not bother with the business element of their policy.
“We are already hearing anecdotal feedback that this is happening on some fleets and it is clear that fleet managers need to be extra-vigilant when it comes to the checks that they make on gray fleet drivers and vehicles.”
FleetCheck highlighted two weeks ago that the recent fall in company car numbers reported by HMRC almost certainly meant that the gray fleet was growing, probably as a result of drivers moving out of their fleet cars during successive lockdowns.
“Our view in the longer term is that these drivers will be attracted back into the company car fleet by the low-tax opportunity offered through EVs. However, until that point, gray fleet management is going to become a growing challenge for, both in terms of the shortcuts in expenditure that drivers might be tempted to make and there simply being more and older private cars being used on company business.
“It’s certainly an area where we are looking to offer increased support to our customer base and we expect other suppliers in the fleet sector to be doing the same. This is going to be one of the big issues of 2023 and beyond for our sector, we believe.”
19
May
WHEN it comes to long term rental, Northgate offers a comprehensive range of support packages for SMEs, with a wide range of fleet solutions to meet the diverse needs of Northgate are in it for the long haul
18
May
CHARGEDEV specializes in the supply and installation of Electric Vehicle charging equipment across the UK and having installed over 23,000 domestic and workplace EV chargers to date, it has become ChargedEV – helping SMEs on their electrification journey
17
May
R2C Lite has been created to eliminate labour-intensive administration processes, aid compliance and increase business productivity for SME fleets running HGVs, vans, trucks, trailers and more, many of which will R2C – digitizing the fleet management process
17
May
NORTHGATE Vehicle Hire’s additional mobility solutions options and support packages can be built into its existing rental contracts, cutting down the need for multiple supplier agreements to be signed and Northgate’s mobility solutions keeping you on the road
09
May
WHETHER you are a sole trader looking for a car that works for your business or you manage a fleet of fewer than 50 company cars, the BMW Business Partnership BMW – looking after fleets large and small
04
May
THE new BMW i4 is the German premium brand’s first ever all-electric Gran Coupe and it’s a very interesting proposition for company car drivers with a 2% BIK rate for BMW i4 – makes a lot of sense for the company car driver
03
May
As one of the first in the industry to introduce MVR (Motor Vehicle Repair Workshops) on its various auction sites nationwide, Wilson Auctions was highly commended in this year’s Business Innovation drives Wilson Auctions’ success
28
Apr
BMW’s X1 xDrive 25th is a Business Motoring winner, picking up the Best Small SUV gong at this year’s awards. It features a 1.5-litre three-cylinder petrol engine and electric motor Tax efficiency – BMW’s X1 PHEV, a Business Motoring winner
27
Apr
THE BMW X5 xDrive 45e offers user-choosers a large SUV which delivers low running costs and associated tax bills. Thanks to CO2 emissions of 27-31g/km, the X5 falls into the BMW X5e – makes real sense to drivers and fleet managers
27
Apr
EXCEPTIONAL levels of customer service are at the heart of the Van Monster Remarketing proposition. The personal nature of the service provided by its Remarketing account managers has enabled to grow Van Monster Remarketing – tops for Business Motoring Awards
25
Apr
THE BMW iX will add electric performance to any forward-thinking fleet manager, as well as a spacious, lounge-like interior to keep drivers focused on the road ahead, with a range BMW iX electrifies the Business Motoring Award judges
22
Apr
Following the i3 and i8, the BMW iX3 is the brand’s first electric SUV and the winner of this Year’s Business Motoring Awards Best Medium SUV category. And the electric BMW iX3 brings electricity into the mainstream
19
Apr
THE BMW 5 Series Saloon is the epitome of a sporty business saloon and The 530e plug-in hybrid models combine performance and frugality to create an optimized executive car. With Executive express – BMW530e offers savings for company car drivers
13
Apr
WITH electric vehicles on the rise and with many government initiatives and support of the EV revolution, KeyFleet has become an ambassador for EVs. All employees are trained in Whole Life KeyFleet Partner Program – Best Company Car Program winner
13
Apr
MULTI-MODEL mobility is becoming increasingly important for SMEs, particularly in the short-term rental arena and the EuropcarOne mobility platform provides seamless access to a full range of solutions, from daily Keeping up with the times – Europcar, Business Motoring Award winner
12
Apr
SHORT-TERM leasing is essential to the mass adoption of electric vehicles before 2030 when sales of all new cars and vans powered wholly by petrol and diesel will be banned. SOGO – Business Motoring Best Mobility Provider Winner
11
Apr
FROM COVID-19 and semi-conductor shortages impacting on vehicle supply to rising inflation and uncertain trading conditions, the past 12 months have not been easy for any business. But they have Flexibility is key – Europcar, Best Long Term Rental
08
Apr
GIVING customers access to the same industry-leading solutions, service and technology, no matter what their size, is at the heart of the business at JCT600 Vehicle Leasing Solutions (VLS), winner Size doesn’t matter to Best Leasing Company winner JCT600 VLS
07
Apr
ELECTRIC Vehicles are what everyone is talking about, as is the infrastructure required to make them a viable proposition. Helping to build this infrastructure is Ohme, a smart charging hardware Smart charger – Ohme a Business Motoring Award winner
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