This feature originally appeared in the April edition of Fleet News. Read the article in full
Just like Rocky Balboa in Sylvester Stallone’s 1977 Oscar-winning film, company cars have been taking a beating, with punch after punch being landed on the benefit.
These include ever-increasing tax bills for both employer and employee, the introduction of the WLTP emissions test which affected both CO2 emissions and vehicle availability, uncertainty over future benefit-in-kind bands, and more attractive PCP deals on new cars for retail buyers.
However, while Rocky was able to summon inner reserves of strength to make his comeback, the return of the company car is being driven by a new-found certainty over emissions and BIK rates – with new bands making electric and plug-in hybrid vehicles particularly attractive.