Company car mileage fell by 20% at the height of the recession, as businesses looked to save money, new figures have revealed.
Employers have put pressure on staff to be more efficient in travelling for work, and the result has been a reduction in average fleet mileages from 13,746 miles in 2008 to 11,349 in 2009.
Aston Barclay studied more than 45,000 ex-fleet cars for three years and found that the average age of stock sold by the group rose to 60 months last year as companies extended contracts rather than bought new vehicles.
The higher mileage estimated for a vehicle, the more expensive thecar insurance premium is likely to be.
"Our data clearly shows the increase in contract extensions in 2009, but average mileages went in the opposite direction in the same year," said Aston Barclay's new managing director Tim Hudson.
"One key reason could be that employers have been more focussed on both reducing cost and improving efficiencies in the recession, which has ultimately impacted on company car use and average mileages. Generally employees will have also been covering fewer private miles as their fuel costs continued to rise above the rate of inflation."
Copyright © Press Association 2010