Company Car Survey - Sample

 

The Company Car Survey Report 2010 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.  45% of companies use this method.  The proportion of companies buying new cars outright is 11%.   

• This is very like the 2009 report where 44% of companies used contract hire, 11% bought outright; 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 84 companies (45.9%) who permit trading up were asked what rules apply. 

The responses are as follows:

Rules	Need Cars	Perk Cars
Free choice	10 cos (11.9%)	21 cos (25.0%)
Fixed contribution	32 cos (38.1%)	33 cos (39.3%)
Trading up 1 car grade/category	16 cos (19.0%)	17 cos (20.2%)
Trading up 2 car grades/categories	1 co (1.2%)	-
Pay for extras only	19 cos (22.6%)	17 cos (20.2%)
Other	8 cos (9.5%)	8 cos (9.5%)

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                   98  companies  (61.3%)
No                     58  companies  (36.3%)
No answer          4    companies  (  2.5%)

 

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: 97      

CAR VALUE SUMMARY OVERALL (£)

Upper Decile	26442
Upper Quartile	25284
Median	21222
Lower Quartile	19683
Lower Decile	16829
Maximum	30000
Average	21953
Minimum	14000

 

MAKES/MODELS ALLOCATED

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

BMW 3 Series

Volkswagen Golf

Volkswagen Passat

 

CHOICE TO A FIXED VALUE CEILING

9 companies (9.3%) 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	500
Median	425
Average	450
Lower Quartile	396

 

CAR ALLOWANCE PAID

28 companies (28.9%) reported

	Car Allowance £
Upper Quartile	6375
Median	6000
Average	5753
Lower Quartile	5085

 

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