Company car and van average age increases

The average age of a petrol company car or a diesel van undergoing service, maintenance or repair (SMR) has risen since the start of the pandemic in 2020.

Epyx is reporting the average age of a petrol fleet car has increased by more than a year – from 18 months to 31 months.

Meanwhile, the average age of a diesel van has increased from 31 months to 39 months, according to data from its 1link Service Network SMR management platform, used by fleets totalling more than four million vehicles.

Tim Meadows, chief commercial officer at Epyx, said: “It’s well-known that the fleet vehicle parc has risen since the start of the pandemic but the extent revealed by these figures is perhaps still surprising.

“The reasons for the increase are well understood. Initially, some operators opted to hang onto vehicles for longer because they didn’t cover the expected mileage thanks to lockdowns but, more recently, very poor new car and van supply has been much more of an issue. This is a situation that is only improving relatively slowly, with a huge order backlog still in place.”

Operating older vehicles does, of course, create challenges. “They are more likely to break down and the maintenance regime applied needs to be more thorough to ensure ongoing roadworthiness,” Meadows continued.

“These are certainly issues that we have been working through with fleets over the last few years, using our technology to help them keep costs under control, minimise downtime and ensure safety.”

Meadows says it remained open to discussion when the average age of fleet vehicles would stop rising and whether they would ever return to pre-pandemic levels.

“The underlying question is whether fleets will choose to operate younger car and vans when supply makes that possible or whether they have learnt that they can economically and effectively operate older vehicles,” he added. “We’ll find out over the next few years.”

*Article Source www.epyx.co.uk