Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Britain Leads Europe in Alternatives to Company Cars

June 21, 2006

Research by consultancy Watson Wyatt finds that 56.9 percent of UK companies offer a car/cash alternative, according to Compensation & Benefits. Additional findings include:
  • 23.8 percent provide cars without the option of cash instead
  • 15.2 percent offer a cash allowance only
  • four percent reimburse expenses for professional use of an employee’s private vehicle
  • In southern European countries such as Belgium, Greece, Italy and Portugal, more than 80 percent provide company cars only
  • In Latvia, Slovenia, Bulgaria and Croatia, more than 90 percent provide cars onlyWatson Wyatt senior consultant Anne Severeyns attributes the north-south divide to local tax benefits of providing cash alternatives to company cars in northern countries. She also notes that having a company car is seen as more of a status symbol in southern and eastern countries. Severeyns says that while UK companies face rising fuel costs and concerns over carbon dioxide emissions, private use policies are more generous than last year and nearly 75 percent of companies intend to absorb the incremental costs if oil prices remain constant or increase in the next six months.
  • Twitter Facebook Google+

    Comments

    Please note that comments may be moderated. 
    Leave this field empty:
     
     

    Fleet Incentives

    Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

    FleetFAQ

    Fleet Tracking And Telematics

    Todd Ewing from Fleetmatics will answer your questions and challenges

    View All

     

    Fleet Management And Leasing

    Merchants Experts will answer your questions and challenges

    View All

     

    Sponsored by

    Brenda Davis, fleet commodity manager for Baker Hughes, was named the Professional Fleet Manager of the Year for 2015.

    Read more

    Up Next

    More From The World's Largest Fleet Publisher