Company Car Survey - Sample

 

The Company Car Survey Report 2011 presents the results firstly with a summary highlighting the main findings and showing trends based on comparisons with previous surveys.

Examples of summary pages from this year’s report are:

Car Purchase/Lease/Contract Hire Arrangements

The most popular method of obtaining company cars is contract hire.  50% of companies use this method.  The proportion of companies buying new cars outright is 10%. 

• In 2010 45% of contributors used contract hire; 44% in 2009; for buying outright it was 11% in 2010 and 2009.  In the 2008 report, 42% used contract hire, 15% bought outright.

The picture for contract hire and outright purchase (new) in recent years is:

Click image to enlarge

The survey results are then covered in full, with each topic including graphs, statistical analysis and comments made by participants where appropriate.

Typical pages are:

Trading Up Rules

The 93 companies (49.7%) who permit trading up were asked what rules apply. 

The responses are as follows:

Rules	Need Cars	Perk Cars
Free choice	11 cos (11.8%)	18 cos (19.4%)
Fixed contribution	39 cos (41.9%)	42 cos (45.2%)
Trading up 1 car grade/category	21 cos (22.6%)	20 cos (21.5%)
Trading up 2 car grades/categories	-	1 co (1.1%)
Pay for extras only	21 cos (22.6%)	18 cos (19.4%)
Other	2 cos (2.2%)	2 cos (2.2%)

image to enlarge

Insurance Cover Checks

The companies offering a car allowance were asked if they check the insurance cover of those who have taken the allowance and who have their own car. 

The responses are as follows:

Yes                   111 companies (65.7%)
No                    55   companies (32.5%)
No answer          3    companies (  1.8%)

 

A large part of the survey gives an analysis of actual cars provided for a number of typical need car roles and then for status/perk cars by salary level. The analysis covers list prices, makes and models of benchmark cars, lease values and car/cash allowances.  For example, for need cars allocated to Sales Representatives the responses show:

Sales Representative  

Number of companies reporting: 88      

CAR VALUE SUMMARY OVERALL (£)

Upper Decile	27931
Upper Quartile	25325
Median	22928
Lower Quartile	21370
Lower Decile	18852
Maximum	28205
Average	23083
Minimum	15542

 

MAKES/MODELS ALLOCATED

33 companies (55.9%) specified their typical/benchmark cars.  The most frequently mentioned are:

BMW 3 Series

Volkswagen Golf

 

CHOICE TO A FIXED VALUE CEILING

7 companies (8.0%) give a free or limited choice to a fixed value ceiling for Sales Representative.

CHOICE TO A FIXED LEASE COST

31 companies (32.0%) reported

	Lease cost £
Upper Quartile	518
Median	450
Average	458
Lower Quartile	396

 

CAR ALLOWANCE PAID

28 companies (28.9%) reported

	Car Allowance £
Upper Quartile	6958
Median	6023
Average	5947
Lower Quartile	5010

 

The full list of participants is also included in an appendix to the report.