UK company car fleet running costs rise by almost 20% in 2022 | Autocar

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The pressures of inflation and supply issues are beginning to hit company cars:

Average whole-life costs for company cars have increased by 18% this year, according to ALD Automotive, but electric vehicles are still competitive despite escalating energy prices.

However, he added, whole-life cost analysis is “crucial” for selecting the vehicles and those comparisons have become increasingly volatile over the last year. This is delaying decision-making among corporate customers, where multiple departments influence the procurement process. There are large variations on a more granular level. Range-wide price increases vary by between 1.2% and 8.2% depending on the manufacturer, while the most popular models are between 1.6% and 10.3% more expensive than they were at the end of 2021.

 

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