When only new will do – UK fleets change vehicles more often rest of Europe
It seems that British company car drivers aren’t getting too attached to their vehicle after a study revealed that UK fleets are keeping their cars and vans almost two years less than the European average.
In the UK, the average time before a vehicle is replaced is 3.9 years. However, across 12 other European countries, that duration stretches to 5.7 years.
This is according to Arval’s Corporate Vehicle Observatory Barometer, which quizzed 3,718 fleets.
Here, smaller fleets (fewer than ten vehicles) replacement their vehicles every 3.9 years on average, shortening to 3.6 years for medium fleets (ten to 49 vehicles). Meanwhile, larger fleets (more than 50 vehicles) switch vehicles every 4.2 years on average.
Across Europe though, those numbers change to 6.2 years for smaller fleets, 5.4 years (medium fleets) and 4.8 years (larger fleets).
Worth the extra
Shaun Sadlier, head of Arval’s Corporate Vehicle Observatory in the UK, said the numbers show a clear difference with the rest of Europe when it comes to replacement cycles.
He explained that UK fleets generally felt that newer vehicles were worth the small additional amount in monthly rentals because of their various advantages such as stronger fuel economy and latest safety features.
“More modern vehicles can also have a positive impact on the perception of your company,” Mr Sadlier added.
“Our view is that this is very much worth the extra few pounds you’ll pay each month.”
He went onto underline how newer cars can provide more motivation to staff, with the four-year cycle generally used in the UK being driven by human resources concerns around the recruitment and retention of talent.
Ellie Baker, brand manager at Fuel Card Services, comments: “It’s understandable that UK fleets would want the most fuel efficient and safest vehicles available.”
Posted on 28th September 2018
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