UK companies are collectively losing around £400m a year through poor fleet management, according to research from Leaseplan.
In a review of more than 133,000 vehicles, the leasing firm identified cost-saving measures of £50m, or £390 per vehicle, equating to £400m for the UK’s fleet parc of more than one million vehicles.
The research suggests companies could achieve the greatest savings (39%) by improving technical support, such as automating vehicle servicing arrangements and specifying a partner garage for repairs. A further 20% of savings could be met by changing company policy on replacement vehicle types, and reducing off-road time through improved accident management.
Finding the right funding approach for a fleet can also deliver significant savings (27%), while optimising tax efficiency accounted for a further 12% of possible savings.
