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The vast majority of businesses operating company cars in the UK would not want to swap them for another form of transport, new research has suggested.
According to findings from leasing giant Arval, just 11% said they would certainly or probably be ready to withdraw cars and use alternatives such as ride-sharing or car-sharing services, or introduce a mobility budget.
These findings come from the 2017 edition of Arval's Corporate Vehicle Observatory Barometer, which covers 3,847 fleets.
Arval found that support for the company car is strong. Just 13% of larger fleets - those with 50 or more vehicles on their books - would consider giving them up, alongside 13% of medium fleets (10?49 vehicles) and 10% of small fleets - those with 1?9 vehicles.
However, the French-owned leasing company found that just over half (52%) would be willing to consider an alternative within the next three years or already had one in place. Other methods of transport include car sharing schemes (29%), ride-sharing (42%) or a mobility budget (19%).
"These figures show just how much the company car is ingrained into UK business activity, with the vast majority of businesses either unable to identify, or not looking to implement, a viable alternative right now," said Shaun Sadlier, head of Arval's Corporate Vehicle Observatory in the UK. "It is worth underlining the contribution that the company car continues to make, providing a cost-effective, flexible and efficient transport solution - as well as serving as a highly successful employee incentive."
Sadlier added: "Right across the board, the appeal of the company car is emphatic, from the smallest businesses to the very largest. The enthusiasm that remains for the company car does not mean that businesses are not actively offering, considering or trying alternatives, simply that their application is quite limited for most mobility needs."
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