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Company car providers are hit hard by recession

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Source: IRS Employment Review

Issue: 921

Date: 08/05/2009

Publisher: IRS

Company car providers are hit hard by recession

TOPICS:

pay and benefits

benefits (pay-related and other)

Company car providers are suffering from cost-cutting measures among their clients in response to the recession, according to the latest quarterly survey from fleet management company GE Capital Solutions, Fleet Services¹.

Almost all (98.8%) of the 581 respondents to the online survey said that "general economic conditions" will be an influence on their fleet policymaking decisions in the next 12 months.

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