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Vehicles off the road awaiting repair cost SMEs up to £500 a day in lost revenue, according to RAC Business.
According to research it carried out by the RAC's business arm during the first quarter of 2015 small firms are losing thousands of pounds a year as trade is being lost when vehicles are sitting idle waiting for repair.
RAC suggested that on average small businesses run six to seven vehicles. A third of the 1000 SMEs surveyed said they did not know the financial impact on their company, which the RAC said could be up to £3500 a year based on a vehicle being out of action for a day a year.
"Obviously for the vast majority of small firms vehicles are an essential part of their operation and contribute to the income generation of the business, and we have seen an increasing use of vans and commercial vehicles in those businesses," said RAC spokesman Mike Fogden. "This clearly demonstrates that being out of action due to breakdown can have a significant impact on the cash flow of a business which is why we are launching this new feature to help keep their business on the move."
The motoring organisation claimed that one in five spends more than £2000 a year per car.
In the survey of 1000 businesses, which was conducted during the first quarter of the year, found that 37% of firms in Scotland are paying between £3000 and £4000 annually in company car maintenance, the highest amount in the UK.
By comparison, firms in the East Midlands are the least affected financially with 44% spending between £1000 and £1500 on servicing each of their company cars per annum.
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