Expert advice

Over recent years the Key Solutions team have been collating in-depth fleet data to generate a set of benchmarking outputs. The purpose is to facilitate best in class discussions and insight into industry trends.

The first illustration below, highlights the average term of contract by industry.

Average Term by Industry

Chemical/Oil    FMCG    IT/OE    Manufacturing Firms    Pharma   

The charts below represent examples of a benchmarking exercise in the UK, taking into account UK specific taxation, on fuel reimbursement for both company cars and cash takers.

Company car

  • Fuel Card - Private mileage at AFR 37%
  • Pay and reclaim - AFR 37%
  • Fuel Card - Private mileage at cost 12%
  • Pay and reclaim - Cost 7%
  • Fuel Card - Fully expensed 7%

Cash allowances

  • Fuel Card - Private mileage at AFR 14%
  • Pay and reclaim - AMAP 24%
  • Fuel Card - Private mileage at cost 7%
  • Pay and reclaim - AFR 41%
  • Fuel Card - Fully expensed 7%
  • Pay and reclaim - Cost 7%

Similarly this chart shows the contract durations for the industry, indicating 60% of fleets operate a 48 month rotation.

Industry Contract Durations

  • 60 Months 5%
  • 48 Months 60%
  • 36 Months 35%

 

For more information on the Benchmarking study and our quarterly company car trends research, email or contact your Account Manager.