A survey by fleet management and leasing
company Lloyds TSB Autolease has found that while only 37 percent
of companies have yet to cut down on employee expenses, 1 in 10
financial decision makers has downsized to a smaller company
car.
Claudia Rose, corporate sales director at
the lessor said: “Pay and rewards are under the spotlight and while
many directors are reluctant to give up their favourite status
symbol, company cars are one of the single largest and easily
addressed business costs.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
“For example, boardroom favourites like BMW
and Audi have taken giant leaps forward on running costs, with some
of the most fuel and tax efficient vehicles around. The message is
that directors don’t have to make the sacrifices they think they
do. It’s just about making sensible and responsible choices, which
reflect well on you and your business.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
