The Great Resignation—new since the onset of the pandemic—is forcing fleet managers to rethink their personal use policies amid other ongoing dilemmas. Most see it as a great opportunity to keep employees on the road and morale high.
There is uncertainty with regards to the taxation of mileage reporting for drivers sheltering in place.
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.
Are you undercharging for personal use? And how do other companies handle personal-use charges? Automotive Fleet will be tracking the answers to these questions, and more, for fleets to benchmark against in this year's annual personal-use survey.
How does your company handle personal-use charges? How much does it charge? How often does your company perform a "true-up" or personal-use reconciliation? These are some of the questions AF will be answering in this year's personal-use survey.
In 2015, average monthly personal-use charges increased to $128, up from the $123 average monthly charge reported in 2014. Personal use remains a sensitive topic, both with drivers and fleet managers.
Personal-use charges are increasing in correlation with fuel prices. More fleets are reviewing current policies or instituting new ones.
Overall, personal use charges stayed flat in 2012 versus 2011; however, fewer fleets are allowing personal use of company-provided vehicles and many are structuring policies to push more fuel-efficient vehicle selections.
Personal use charges increased in 2011 to an average monthly charge of $118. This amount has risen steadily from $103 in 2008; $108 in 2009; and $110 in 2010.
Fleets are increasing personal charges in 2010 while decreasing the number of eligible drivers.
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