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Grey fleet ignorance highlighted in new report

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Almost one in five fleets (18%) do not know how many grey fleet vehicles they have in their fleet, new research suggests.

The report, ‘Grey fleet on the rise’ from Trakm8, also found that more than half of fleets (58%) have not been managed by fleet professionals over the past 18 months, as well as 14% not knowing who grey fleet management responsibility lies with.

Almost a third (30%) of businesses have been 'moderately' or 'significantly' affected by grey fleet issues, according to the report.

Jim Hill, marketing director at Trakm8, said: “The statistics revealed in our report are very concerning and highlight the fact that more education is needed on the risks grey fleet brings and the measures businesses can put in place to help mitigate them.

“It is clear that grey fleet issues have been accelerated due to the impact of the pandemic and it is imperative that businesses address this issue quickly, particularly as hybrid working becomes the norm.

“Through support from the Association of Fleet Professionals (AFP), our latest report not only gives a detailed insight into the impact the pandemic has had on businesses throughout the UK, but also provides a clear understanding of legislative requirements and a blueprint of the solutions available to keep grey fleet risks to a minimum.”

Trakm8 said the report was the result of surveying businesses across the UK with fleet sizes ranging from 10 to more than 100 vehicles.

The report covers the state of the industry, responsibility, legislation, training and policy, as well as grey fleet solutions available, said Trakm8.

Download the report on the Trakm8 website

Click here for grey fleet best practice and procurement insight

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