FLEET MANAGER: DEVELOPMENT OF MANAGERIAL SKILLS HOW MUCH DOES IT COST THE COMPANY CAR?

Transcription

1 CONTINUING EDUCATION COURSE FLEET MANAGER: DEVELOPMENT OF MANAGERIAL SKILLS HOW MUCH DOES IT COST THE COMPANY CAR? Gian Primo Quagliano Communication Lecturer at the University of Bologna Lecturer in Economics at the Journalism School (University of Bologna) President of Econometrica and Centro Studi Promotor

2 1

3 TCO = TOTAL COST OF OWNERSHIP 2

4 TCO CONFIGURATIONS (I) -CAR OWNERSHIP -CAR RENTAL - CAR LEASING 3

5 TCO CONFIGURATIONS (II) -ITEMISED ESTIMATE -FINAL COST STATEMENT 4

6 TOTAL ANNUAL COST OF A VEHICLE where: V ACy,n = FC + VC*n V ACy,n = it s the annual cost (AC) for the vehicle V that is owned for y years and it travels n kilometers per year. FC = annual fixed charge VC= variable costs per kilometer. y = no. years of ownership n= no. km per year 5

7 ANNUAL FIXED CHARGE FC = D+I+B+Cli+Fti+G+T+Fi+RC+AE where: D = annual depreciation I = interest on capital employed B = property tax Cli = civil liability insurance Fti = fire & theft car insurance G = garage and parking lot T = tolls Fi = fines RC = replacement cars AE = business administrative expenses 6

8 VARIABLE COSTS PER KILOMETRE where: VC = C+M+L+T C = fuel cost per kilometer M = maintenance cost per kilometer L = lubricants cost per kilometer T = tyres cost per kilometer 7

9 AVERAGE AGE OF A COMPANY CAR What was the average age of the disused cars in your company fleet s car park? Disused cars in Average age months months months 2013 January 43 months Source: Centro Studi Auto Aziendale (excerpt from a quarterly business survey on fleet managers) 9

10 AVERAGE TOTAL MILEAGE OF A COMPANY CAR How much kilometers, on average, had your disused cars traveled? Cars disused in Km traveled km km 2013 January km Source: Centro Studi Auto Aziendale (excerpt from a quarterly business survey on fleet managers) 10

11 HOW TO ACQUIRE A CAR PARK (I) What are the percentages of ownership, long-term rental, financial leasing and financial leasing + services? DISTRIBUTION OF CARS BY ACQUISITION TYPE Financial leasing plus services 2% Ownership 13% Financial leasing 2% Long-term car rental 83% Source: Centro Studi Auto Aziendale (excerpt from a quarterly business survey on fleet managers) 11

12 HOW TO ACQUIRE A CAR PARK (II) If your company uses the long term rental, with how many companies is co-operating at this time? Feb-13 Jul-12 Jul-11 Number of long-term rental companies 2,8 2,2 2,4 How many brands and models are there in your company fleet? Feb-13 Jul-12 Jul-11 Number of brands 8,4 5,8 7,3 Number of models 24,3 15,9 19,1 11

13 BENEFIT CARS (I) What is the percentage of cars for personal use (benefit) for executives and managers? PERCENTAGE CARS IN BENEFIT none 4% up to 25%: 20% over 50%: 58% from 26% to 50%: 18% CAR PARK GRANTED IN BENEFIT: AVERAGE 59,5% Source: Centro Studi Auto Aziendale (excerpt from a quarterly business survey on fleet managers) 12

14 BENEFIT CARS (II) How users choose car benefits? Feb-13 Jul-12 Jul-11 Within a list 40% 37% 56% The model is decided by the company 37% 39% 25% Freely, within a maximum spending limit 23% 24% 19% Total 100% 100% 100% 14

15 AVERAGE COMPOSITION OF THE VEHICLE FLEET BY POWER SOURCE Power source Average % Vehicle fleet Gasolio Diesel 89,08 Benzina Petrol 6,67 Metano Methane 2,45 Gpl GPL 1,05 Ibride Hybrid 0,62 Elettriche Electric 0,13 Etanolo Ethanol - TOTAL 100,00 Diesel 89,08% Electric 0,13% Hybri d 0,62% GPL 1,05% Methane 2,45% Petrol 6,67% Source: Centro Studi Auto Aziendale (excerpt from a quarterly business survey on fleet managers) 15

16 HOW MANY KM CAN YOU TRAVEL WITH AN AVERAGE CAR ( CC) AND 10 OF FUEL? Fuel No. of km performance with 10 petrol 56 diesel 67 gpl 88 methane 151 Source: Econometrica 16

17 ENVIRONMENTAL IMPACT OF CAR FLEET What actions your company intends to implement in 2012, to prevent pollution and reduce harmful emissions of your car fleet? Pay attention to CO2 emissions in the choice of new cars: 55% Acquire smaller cars: 22% Acquire electric cars: 19% Acquire natural gas cars: 15% Acquire GPL cars: 15% 0% 10% 20% 30% 40% 50% 60% Source: Centro Studi Auto Aziendale (excerpt from a quarterly business survey on fleet managers January 2012) 17

18 FIRE & THEFT CAR INSURANCE Ownership or financial leasing Long-term rental Uninsured companies 14% 9% Insured companies nowadays, but with propensity not to insure in the future a non assicurare in futuro 10% 11% Source: Centro Studi Auto Aziendale (excerpt from a quarterly business survey on fleet managers) 18

19 INTERVENTIONS ON CAR FLEET (I) Measures that the company will take over the next twelve months, if the market situation gets worse. (percentages, more than one answer) MEASURES April 2012 April 2011 Changing the type of cars Decrease the number of cars in the fleet Decrease benefits for employers/employees 8 12 dirigenti/dipendenti Changing the car supplier 6 14 Reduction/elimination of the owned cars 5 6 Increase the rental share 3 0 Relying on an outside management company 1 0 Increase the leased cars - - Other 4 11 No measure Source: Centro Studi Auto Aziendale (excerpt from a quarterly business survey on fleet managers) 19

20 INTERVENTIONS ON CAR FLEET (II) Obstacles in the acquisition of new cars (in order of importance) Insurance cost 96% (*) Fuel cost 94% General economic situation 92% Credit availability 88% Car price/rental fee/leasing fee 84% Efficacy of promotional policies of supplier 76% Company s economic situation 74% (*) number of indications as obstacles 20

21 INTERVENTINOS ON CAR FLEET (III) % of companies that are studying measures listed below MEASURE % MEASURE % Extension of existing long-term rental 37% Decrease the number of rental cars 11% conctracts Raise the average time spent of the cars in the 32% Decrease the concession of cars in benefit 10% fleet Stipulation of new long-term rental 31% Decrease the number of car leased 9% contracts, with longer duration Utilization of the employee s car for corporate 29% Deferment of decisions on car sales 8% travel, with mileage reimbursement Restriction on car choice by the driver 26% Expansion on car choice by the driver 8% Increase the number of rental cars 21% Stipulation of new long-term rental contracts, with 7% shorter duration Increase the number of purchased cars 15% Extend the concession of cars in benefit to new 7% categories of empolyees Decrease the number of purchased cars 11% Increase the number of leased cars 5% Decrease the number of owned cars 11% Decrease the average time spent of the cars in the 4% fleet continue Increase the number of owned cars 3% 21

22 COMPANIES WHO ALSO USE THE EMPLOYEES CARS 29% 22

23 INTERVENTIONS ON CAR POLICY (I) Do you think that your company car policy will change over the next twelve months? Survey April 2012 Survey April 2011 Will change 25% 23% Remain the same 75% 77% Total 100% 100% Source: Centro Studi Auto Aziendale (excerpt from a quarterly business survey on fleet managers) 23

24 INTERVENTIONS ON CAR POLICY (II) If your company car policy will change, how it will change? (spontaneous answers) Interventions % of respondents Limitations on car policy and on car list, measures towards to users (for example deductibles on accidents, limitations liter/year, penalty for damage) 37% Acquisition of new models 29% Downsizing 29% Increase the duration of assignment 5% Total 100% Source: Centro Studi Auto Aziendale (excerpt from a quarterly business survey on fleet managers) 24

25 WHAT CAR TO ACQUIRE? On a scale from 1 to 10, vote the importance that your company rates to the following aspects (1= minimum importance; 10= utmost importance) Jan-13 Jul-12 Jul-11 Jan-13/ Jul-11 Financial bid 8,6 8,5 9,0 reliability/safety 8,6 9,1 8,9 Operating costs/controlled consumptions 8,2 8,6 8,5 Ease of maintenance/assistance 7,6 8,0 7,7 manutenzione/assistenza Reduce CO 2 emissions 7,4 7,4 7,2 Residual value 6,7 6,7 6,5 Brand image 6,6 7,0 6,5 Source: Centro Studi Auto Aziendale (excerpt from a quarterly business survey on fleet managers) 25

26 SAFETY Have you some initiatives to sensitize your driver on safety problems? Feb-13 YES 38% NO 62% If yes, which ones? (more than one answer) Feb-13 Driving course / training course 41% Distribution of information material 21% General reccomendations 21% Installation of safety devices or other equipment (winter tyres) 14% other 3% 26