SME business confidence set to boost company car sales

CONFIDENCE is up among small businesses – and that looks set to boost the UK’s company car sales this year.

Alphabet, the BMW owned leasing company, is reporting a dramatic increase in the number of company car managers expecting growth,

Alphabet’s Fleet Management Report says those surveyed expressed an optimistic outlook for the year ahead with 81 per cent expecting the size of their company car fleet to grow or at least remain unchanged – up from 70 per cent last year.

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Some 31 per cent are expecting an increase in their company car budget compared to just 27 per cent in 2011.

And the number of organisations that have set green targets for the company cars they run – because of fuel and tax savings – has dramatically increased over the past year, from 45 per cent in 2011 to 79 per cent in 2012.

With the Society of Motor Manufacturers and Traders reporting that the company car sector now accounts for more than half of all new car registrations the road ahead looks much brighter.

Paul Hollick, sales and marketing director, Alphabet said: “A thriving fleet is fundamental to the good health of the wider automotive industry. The optimism identified by the survey therefore makes for an edifying read.