Fleet News

Fewer staff get company cars

FEWER employees are receiving company cars, according to a new management salary survey by the Staffordshire-based The Reward Group. The survey, which covers more than 1,000 employers throughout the UK with a combined workforce approaching 1.5 million, reveals that staff across all sectors of business, from junior management to heads of function, are receiving a company car as part of their remuneration package.

About 6% fewer heads of function receive a company car now compared with 1995, almost 10% fewer senior and middle managers now receive cars and junior managers, where car provision is a 'tool of the trade' have seen a decline.

Steve Flather, managing director of The Reward Group, said: 'Although there has been a lot of talk about the removal of company cars the truth is that very few people are giving up their company cars. What we are seeing is companies when an employee leaves who was entitled to a company car being replaced by someone who is not entitled to a company car.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee