Of those companies permitting personal use, 51 percent impute the benefit as income. About a third (32 percent) apply a fixed-rate chargeback to drivers, while 10 percent apply a cents-per-mile chargeback. Fixed-rate chargebacks varied greatly among survey respondents, but a cluster fell in the range of $98 to $130 per month.
"While some fleets drive their vehicles until the wheels come off, the survey found that most companies replace their light duty vehicles by the 100,000 mile mark, and often well before," said Mallonga.
Replacement policies for sedans, SUVs or crossovers, or minivans were concentrated between 65,000 and 100,000 miles and 3 to 5 years in service. Replacement policies for pickup trucks and cargo vans were more concentrated around 90,000 to 100,000 miles, and 4 to 5 years in service.
About the survey
The survey of more than 100 companies, which is conducted periodically by PHH Arval, was conducted in the Fall of 2011, and represents 25 industries. It aims to look at not only aspects of fleet policy, but strategies employed, organizations' short-term outlook and fleet priorities. Respondents' fleets primarily operate sedans (35 percent), followed by pick-ups or cargo vans (29 percent), and SUVs or crossovers (18 percent). Additionally, 75 percent of respondents indicated that their fleet is centrally managed.
For more information about the survey or to get a copy of the presentation, contact firstname.lastname@example.org.
PHH Arval, a subsidiary of PHH Corporation (NYSE: PHH), is a leading fleet management services provider in the United States and Canada. PHH Arval provides outsourced fleet management solutions to...
PHH Arval, a subsidiary of PHH Corporation [NYSE: PHH], today announced the general availability of PHH OnboardSM, the first service for vehicle fleets that integrates telematics data with...
Fleet management company opens full-service office in Houston.
PHH Arval projects savings of $375 in fuel cost per vehicle for calendar year 2011.