Families play big part in selecting company cars

Both men and women consult their families before selecting their company car, according to new research from Skoda.

The survey found that 51 per cent of women talk through their company car options with their partners, while 39 per cent of men do the same before settling on their choice of vehicle. Interestingly, children also get a say in 15 per cent of households. On the other hand, some 11 per cent of men said they consult no one at all when selecting a company car.

Dealerships offering fleet cars and company cars need to ensure that they have adequate motor trade insurance and road risks insurance policies in place in order to continue to offer high levels of customer service to their business clients. They would do well to obtain demonstration insurance to cover any test drive requests.

The survey also looked into how company cars are used outside of work. It found that almost half of company car drivers use their vehicle to take their kids to and from school, with households using their company car for an average of 55 minutes each day outside of work.

The survey comes hot on the heels of another recent report from researchers at Willis Towers Watson, which found that 56 per cent of employers are looking to review their company car policy in the coming year. The survey talked to over 1,000 businesses and found that company cars are offered as a benefit by 75 per cent of companies.

Limiting CO2 emissions is important to many of these employers and 41 per cent only offer cars with limited emissions as part of their company car fleet. The tax-efficiency of driving a lower emissions car is also playing a part in this move towards more environmentally friendly options.