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The ongoing COVID-19 pandemic has the dubious distinction of being the greatest-ever disruption of fleet. Other past disruptions include two OPEC oil embargoes in the 1970s, the attacks of 9/11, and the credit crisis of 2008-2009.
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In this video, Automotive Fleet Editor Mike Antich interviewed Pat O’Connor, the long-time legislative counsel for NAFA Fleet Management Association, to discuss the unintended tax consequences that the COVID-19 pandemic created for company drivers during the shelter-in-place mandates.
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There is uncertainty with regards to the taxation of mileage reporting for drivers sheltering in place.
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Today is the final day to participate in the survey.
Read More →Automotive Fleet is compiling its annual personal-use survey that will track the answers to these questions and more, which fleets can benchmark against their operations.
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Automotive Fleet has released its third report in the new State of the Fleet Industry weekly video series summarizing the latest news in the fleet market, which is presented by AF Editor Mike Antich.
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Find out how fleets determine personal use charges. The following charts include determining conditions approved for personal use; factors that govern the assignment of company-provided vehicles; who is allowed to drive company vehicles; and how often fleets perform personal-use reconciliations.
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While personal use averages 16%, outside market dynamics can cause personal use mileage to increase. For instance, when fuel prices increase, there is typically a spike in employees using fleet vehicles for personal use since the company pays for gasoline.
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Average personal use charges have been on a gradual rise over the past several years, led by vehicle preference and pricing.
Read More →Automotive Fleet is once again compiling its annual personal-use survey that will track the answers to these questions and more, which fleets can benchmark against their operations.
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