Tag Archive | "Fleet Management"

The Business Of Cars


With the wet winter we have just had, most people would be forgiven for thinking twice about attending an outdoor event in the UK. Fortunately, for once, the sun shone upon the wide open spaces of the home of British motor racing, Silverstone, for the annual Fleet Show.

This time though the roar of engines came, not from race cars, but from the cars that we all buy. Manufacturers are always keen to sell their products to the general public but there is also the lucrative commercial side of things for those corporate or small businesses who use cars as part of a company fleet.

So it was that Silverstone opened its gates to business users from around the country. Car makers lined up their choicest selections to be viewed and driven. These days industry requires vehicles that can offer impressive fuel economy, low depreciation and affordable servicing.

That’s not the end of it though. Users expect cars to be stylish, well equipped and to offer the sort of low emissions to help mitigate the effects of the dreaded ‘Benefits In Kind’ tax. Officially, BIK are benefits which employees or directors receive from their employment but which are not included in their salary cheque or wages. To the rest of us these are also called ‘perks’ or ‘fringe benefits’ and they include things like company cars. To HM Government it is called a ‘revenue stream’.

The curiosity of this is that it is not the nature of the car that generates a given BIK rate. The amount is based on CO² emissions. Thus a high performance two seater which gets to sixty two miles per hour in under six seconds from a standstill and goes up the road like a scalded cat only attracts a monthly BIK of £223 for forty percent tax payers. Now this is what we’d all be happy to call a company car but it seems unlikely that British bosses will ever see it that way.

FL2 The Business Of CarsThis is why this annual opportunity is so useful. It gives industry the chance to inspect the multitude of auto offerings across the performance and price range. From the luxury brands through to the more popular fleet choices like Mazda or even Nissan’s funky electric Leaf, the cars are there to be seen and, helpfully, to be driven. It also gives business users the chance to consider, for example, contract hire or leasing deals. More and more companies are offering this, with Motorparks being just one example.

The chance to try and buy – and get to drive down the famous pit lane and around Silverstone’s sensual curves – is crucial if the car maker is serious about the business of cars. The Fleet Show also gives the ancillary suppliers and small businesses a chance to tell the world about their products. From admin and IT solutions, electric vehicle charging and automotive technical innovations, finance and fleet management organisation right down to awnings that allow technicians to work outdoors whatever the weather, are all on show to see and discuss. The coffee’s good too.

The 2014 Fleet Show had everything for managing the business of cars. The exhibition and seminar halls were abuzz and the test drives and hot laps in constant flow. In addition to this, meeting, greeting and the chance to network with like-minded people forms the crucial part of what helps the business world go about its business.

FL1 The Business Of Cars

 

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bG9nZ2VyX0xvZ28uanBnIjtpOjI7czo3MzoiaHR0cDovL21vdG9yYmxvZ2dlci5jby51ay93cC1jb250ZW50L3dvb191cGxvYWRzLzMtTW90b3JfQmxvZ2dlcl9Mb2dvLnBuZyI7fTwvbGk+PGxpPjxzdHJvbmc+d29vX3ZpZGVvX2NhdGVnb3J5PC9zdHJvbmc+IC0gQXV0byBOZXdzPC9saT48L3VsPg==