Paul Bulloch, Concept Vehicle Leasing
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Paul Bulloch, Concept
Paul Bulloch of Concept Vehicle Leasing

HAD a spot of lunch with Concept Vehicle Leasing’s Paul Bulloch yesterday.

A lot of people who were on cash for car allowances are now moving back into the company car

Paul always has some thoughtful insights on the market, and Paul reckons that Concept Vehicle Leasing is seeing a big move back into company cars from its clients.

“A lot of people who were on cash for car allowances are now moving back into the company car,” Paul said over some splendidly English pub grub.

“What we’re hearing is that due to issues of job uncertainty, employees don’t want to be left with a car they have payments on if they no longer have a job.

“If nothing else, it takes risk away from the individual as well as giving them the security of a company car.”

I asked Paul how his new app was coming along – part of Concept’s innovative approach to customer care (see Manage your company car with this new smartphone app).

“Actually, it’s not been bad!” said Paul. “We weren’t quite sure what to expect – except a fairly slow but steady take up. But in fact it’s been better than that. Although we could always do with more downloads!

“We’ve already had people using it to monitor business mileage, and the best thing – no, the most surprising – is that company car drivers are using the ‘wall’ facility to discuss issues. I wasn’t entirely sure they would – but they have, so I’m really pleased about that.”

I asked Paul for a follow up on how his Concept customers are using it for company car management – we’ll report on that later.

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1 COMMENT

  1. I was surprised by the suggestion in the article from Peter Bulloch that there was a significant increase in people moving into company cars. We wait the latest stats from HMRC but clearly their last note showed a declining population of company cars with a marked reduction in drivers receiving fuel scale charge.

    The car sales figures produced on a monthly basis are difficult to split between private and company car purchases. It looks like around 55% of the purchases last month (Feb 2013) related to company cars. This compares to in excess of 60% of purchases in Feb 2011 and 2012 relating to company cars. I accept that the volumes of sales are up in 2013 against 2011 and 2012 but it looks at best if company car purchases are flat

    It is our experience that employers are still anxious to save costs and the company car is often seen to be an area of cost saving. We are seeing the result of this to be extension of lease terms, downsizing of the cars available and the desire to consider cashing out.

    In addition we have the tax changes at April 2013 which again will increase the cost of a car particularly if the CO2 emissions exceed 130

    I see the state of the market place to be significantly different from that described by Paul

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