Fleets are increasingly moving towards petrol vehicles with
a growing demand for alternatively fuelled vehicles, according to the latest
ExpertEye Fleet Industry Review.
Produced in association with Professor Colin Tourick,
from University of Buckingham, ExpertEye’s latest review provides insights into
the current status and views of the UK fleet marketplace.
Despite Brexit now a certainty, coupled with the recent
election announcement and confirmation of changes to company car benefit-in-kind
taxation in the spring Budget, the UK economy is not showing signs of “drastic
change”, according to the study.
Nevertheless, based on a survey of more than 200 fleet operators
the findings include that more companies are putting petrol-engined cars back
onto their fleet lists, or drivers themselves have decided to opt for petrol.
As a result, respondents expect to see a reduction in
diesel in the next two years, with electric, electric range-extended and hybrid
engines gaining in popularity. A significant number of them believe that petrol
will be making a comeback.
Almost no fleet operators expected the economy to shift
drastically either up or down but they are slightly less optimistic than
However, more than half of respondents expected no change
in demand for cars and more than three-quarters expected no change in demand
for vans. Of the few who expected demand to decrease, 20% said there would be
decreased demand for cars (the highest level since the second half of 2013) and
7% said there would be decreased demand for vans.
Contract hire remains the predominant form of finance
used by businesses, though there has been a steady growth in respondents using
Reliability, fleet running costs and fleet safety and
risk management remain top of respondents’ concerns as they ponder fleet
management decisions they will be making in the next 12 months. The full report
is available at www.experteye.com