Market Trends

Personal Use

1  -  10  of  10

Employees Using Company Vehicles to Moonlight as Uber Drivers (and More)

November 20, 2016

A growing number of employees have been caught using their company vehicles as a tool to generate supplemental personal income for themselves.The fastest-growing trend in unauthorized usage of company vehicles is working as an Uber or Lyft driver. But using company vehicles to moonlight goes far beyond Uber and Lyft.

Tags: Personal Use, Lyft, Uber, Fleet Policies, Ride Hailing

Author: Mike Antich | Posted @ Sunday, November 20, 2016 1:37 PM | » Comments(0)

The Danger of Lower Fuel Prices

December 5, 2014

The recent drop in fuel prices has been as breathtaking as earlier run-up in prices. If sustained, these reduced fuel prices will begin to make a dent in overall fleet fuel expenditures.

Tags: Tires, Driver Behavior, Fuel Costs, Personal Use

Author: Mike Antich | Posted @ Friday, December 5, 2014 7:55 AM | » Comments(1)

How to Avoid HR Headaches When Confronting Employees Who Abuse Company Vehicles

February 24, 2014

If an employee threw trash all over the office floor, scratched the paint off the walls, broke the light bulbs, left holes and dents in the walls, and skipped routine maintenance on the copier until it overheated and broke, no manager would tolerate this abuse. Yet, that is exactly what some fleet managers do tolerate when drivers abuse their company-provided vehicles.

Tags: Personal Use, Vehicle Policy, Condition Reports

Author: Mike Antich | Posted @ Monday, February 24, 2014 12:00 AM | » Comments(0)

IRS to Focus on Auditing Fleets for Personal-Use Reporting & Compliance

December 10, 2013

Last August, the IRS announced areas it will prioritize for audits in 2014, one of which is fringe benefits, especially the personal use of company vehicles. Managing personal-use compliance is a headache. It is also expensive, with internal costs ranging from $35 to $75 per year per vehicle. Here's what you need to do to be prepared should your friendly IRS agent come knocking on your front door.

Tags: Personal Use, IRS, Fleet Manager, Compliance

Author: Mike Antich | Posted @ Tuesday, December 10, 2013 12:00 AM | » Comments(1)

Is the Fleet Industry Grossly Under-Estimating Personal Use Miles of Company-Provided Vehicles

October 16, 2013

If you asked fleet managers what the industry average is for personal use of company vehicles, most would say it is approximately 15-18 percent. But, is it? Most of us will agree that some drivers fudge their personal-use mileage, but no one knows by how much. There is a growing suspicion that personal-use mileage is far greater — perhaps substantially greater — than what the industry accepts as conventional wisdom.

Tags: Telematics, Personal Use, Remarketing, Mileage, Resale, Company-Provided Vehicles

Author: Mike Antich | Posted @ Wednesday, October 16, 2013 12:00 AM | » Comments(1)

Do You Know What Your Drivers Are <i>Really</i> Doing?

August 20, 2010

Do you really know who is driving your company-provided vehicles? Often the "at-work" persona of an employee is not the true indicator of their behavior when no one is watching. Recently, someone forwarded me a link to a chat room for pharmaceutical reps. I did a search of posts that included the phrase "company car" and, in short order, I was shocked at some of the comments written about their use of company cars and how drivers play "the system" to their advantage.

Tags: Personal Use, Reimbursement, Driver Safety, Company Vehicle

Author: Mike Antich | Posted @ Friday, August 20, 2010 7:54 AM | » Comments(7)

5 Avoidable Mistakes in Managing Personal Use

April 5, 2010

Personal use administration is a headache for most fleet managers. Oftentimes, this headache is self-induced and avoidable. Here are five common mistakes committed by fleets in administrating a personal use program.

Tags: Personal Use, Company Vehicle

Author: Mike Antich | Posted @ Monday, April 5, 2010 12:20 PM | » Comments(7)

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: Personal Use, Resale Value, Company Vehicle

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: Personal Use

Author: Mike Antich | Posted @ Friday, September 19, 2008 9:37 AM | » Comments(3)

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: Personal Use

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



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