Small businesses put Mercedes in top spot

The most popular car with small business managing directors is a Mercedes.

21% of MDs choose a Mercedes.

The next most popular is a Volvo (14%) followed by an Audi (12%).

The average price of the car is £30,000.

The Institute of Directors’ report – called Directors’ R£wards – surveyed some 4000 IoD members. Nearly 1000 of the survey sample were small business directors.

The majority of small companies still prefer to supply a company car (44%). The remainder offer cash.

The report stated that the volume of directors taking a cash alternative is rising. This, said the report, is due to the tax pressure burden.