Tuesday 29 Jul
 photo BO-Button1_zps13524083.jpg


OKG Newsletter

Home · Articles · Features · Features · I've got a company car

I've got a company car

Sales of company-issued vehicles on the rise

Gazette staff May 18th, 2011

Another sign of an improving economy: an uptick in use of company cars.

Car leasing website LeaseTrader.com noted a 5.3-percent increase in online transactions for company-issued vehicles, following a 4.8-percent increase in February.

“On the surface, the jobs outlook is brightening, which creates an environment for rising confidence among drivers and households,” said Sergio Stiberman, CEO and founder of LeaseTrader.com. “What’s more, the increase in jobs creates more company-issued vehicles.”

During the recession, he said, many drivers — especially in harder-hit coastal states like California and Florida — sought to escape personal vehicle leases out of financial need. That does not appear to be the case now, suggesting a confidence in holding on to their jobs. —Gazette staff

  • Currently 3.5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5