Market Trends

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The Hidden Cost of Personal Use

September 22, 2009

Many companies are wondering whether they are charging enough for personal use. At some companies, this discussion is long overdue. When re-evaluating personal use charges, a common mistake is to focus solely on the cost of fuel. However, doing so ignores the other “hidden” costs of personal use, which have also risen.

Tags: company-provided vehicles, personal use, resale values

Author: Mike Antich | Posted @ Tuesday, September 22, 2009 11:12 AM | » Comments(2)

Confronting Non-Compliance & Fraudulent Personal Use Reporting

September 19, 2008

The high cost of fuel is causing more employees to use fleet vehicles for personal use since many companies pays for gasoline. Although overall fleet mileage has increased, there has not been a corresponding increase in reported personal use miles. Companies that allow drivers to take vehicles home, but do not allow personal use, report a growing problem of policing unauthorized personal use by employees looking to reduce their "personal" fuel costs. This is a broad-based industry issue.

Tags: fraudulent reporting, increased mileage, non-compliance, personal use

Author: Mike Antich | Posted @ Friday, September 19, 2008 9:37 AM | » Comments(2)

The Pros and Cons of Variable Personal-Use Charges

November 12, 2007

Fuel prices are forecasted to increase again in 2008. Fleets are employing a multitude of strategies to control fuel costs; however, one area often overlooked is personal use.

Tags: fuel surcharge, personal use, personal-use charges

Author: Mike Antich | Posted @ Monday, November 12, 2007 3:02 PM | » Comments(0)

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AUTHOR BIO

Mike Antich

Editor & Associate Publisher

Mike Antich has been covering the fleet management and vehicle remarketing markets for more than 20 years. During this period, Mike has written or edited more than 4,600 articles on the subjects of fleet management, manufacturer fleet activities, the fleet leasing industry, and vehicle remarketing.

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