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Company cars grow in importance in UK
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The GE Capital Fleet Services quarterly survey ‘Company Car Trends’ reveals that the company car is once again seen as an important part of business, by both essential and non-essential users. Gary Killeen, Commercial Director for GE Capital, Fleet Services UK, said that the perceived importance question included in the survey provided an impression of how employers viewed the company car as a business tool and as a benefit to employees in today's tougher economic and legislative environment. He went on to say: “What the research indicates is that since the technical end of the recession towards the end of 2009, the company car has become quite markedly more important to UK employers and their employees. There are a number of reasons for this, we believe. Key amongst them is a recognition that the company car remains the best business transport solution available at a time when costs are being closely scrutinised and achieving real world results is essential. Also, in an uncertain economic environment, employees have come to value the company car ever more as a part of their remuneration package.”
| 12/08/2011 | Tim Harrup
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