This article was originally published by Fleet News in the UK.
Grey fleet drivers could pose an increased safety risk if they look to cut corners with car maintenance in order to save money, warns Fleet Check.
As living costs soar, drivers using their own cars for business may postpone or avoid car maintenance or repairs in a bid to reduce expenditure.
Peter Golding, FleetCheck managing director, said: “The current economic situation means that even people on what might be called good incomes are feeling the pinch and looking to make savings. Their car is one place where they may well look to reduce expenditure.
“There are several ways in which they might try to achieve this. One is to postpone routine maintenance, either in the shape of regular servicing or in delaying replacing wear items like tyres and brake pads. Another is that they might reduce their insurance cover to third party only or not bother with the business element of their policy.
“We are already hearing anecdotal feedback that this is happening on some fleets and it is clear that fleet managers need to be extra-vigilant when it comes to the checks that they make on grey fleet drivers and vehicles.”
More than three quarters (77%) of motorists recently surveyed by Startline Motor Finance said the October price cap increase for electricity and gas would affect whether they can afford their car, while 18% said they would put off replacing tyres and 22% will delay servicing.
FleetCheck highlighted two weeks ago that the recent fall in company car numbers reported by HMRC almost certainly meant that the grey fleet was growing, probably as a result of drivers moving out of their fleet cars during successive lockdowns.
Golding added: “Our view in the longer term is that these drivers will be attracted back into the company car fleet by the low-tax opportunity offered through EVs. However, until that point, grey fleet management is going to become a growing challenge for, both in terms of the shortcuts in expenditure that drivers might be tempted to make and there simply being more and older private cars being used on company business.
“It’s certainly an area where we are looking to offer increased support to our customer base and we expect other suppliers in the fleet sector to be doing the same. This is going to be one of the big issues of 2023 and beyond for our sector, we believe.”
