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GE Capital Fleet Services identified $420 million in potential cost savings for customers in 2014, and customers realized $210 million in actual savings as a result, the fleet management company announced.
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A perennial question facing management is whether it makes business sense to provide company vehicles or to reimburse employees for the use of their personal vehicles. Some believe it will cost less, but the reality is different.
Read More →Good pay isn't the only perk that will attract and keep good employees. A study by GE Capital Fleet Services found that a company vehicle can be a strong tool for winning employee loyalty.
Read More →Providing a company car to employees improves retention within the ranks when compared to reimbursing employees for using their personal vehicles for work, according to a new survey by GE Capital Fleet Services.
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A North Carolina car dealer is targeting Chevrolet Volts used in commercial fleets with less wear and tear on their batteries because drivers have been sticking to gasoline instead of plug-in charging, he says.
Read More →A North Carolina car dealer is targeting Chevrolet Volts used in commercial fleets with less wear and tear on their batteries because drivers have been sticking to gasoline instead of plug-in charging, he says.
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Fleet managers are reevaluating personal-use policies, programs, and charges and working to educate their drivers on the importance of accurate reporting.
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With the launch of Uber for Business, Uber’s ride-hailing service now allows employees to bill their trips directly to their company.
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A company vehicle is an important and treasured asset. Fleet managers need to use their professional judgment to determine who gets cars and who doesn’t.
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As a general rule when considering total cost of ownership (TCO), employees with high-mileage needs should be provided with a company vehicle; those with low-mileage needs should have their job function reviewed to determine if personally owned vehicles (POVs) would produce the lowest TCO through a business reimbursement program.
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