‘Nearly one in three white-collar workers gets company car’
The number of company cars in Belgium increased by 22% over three years. Nearly one in three white-collar workers get a company car. This is apparent from new figures from HR service providers, Attentia, which looked at the data of 150.000 employees.
From ‘cash for car’ to the mobility budget: all initiatives from the Belgian government to reduce the number of company cars seem to be of no use. After all, companies continue to distribute company cars to their staff generously as an alternative form of payment.
1 in 3 employees have a company car
In January this year, 29% of Belgian employees were driving a company car, compared to 24,7% in January 2015. About 1 in 3 employees now has a company car. If you include the blue collar workers – only 2% of them benefit from the extra-legal – now about 1 in 5 employees has a company car.
This new figures from Attentia confirm the most recent figures from Febiac, the Belgian federation for the automotive and two-wheeler industry: in 2017, 292.734 new company cars were registered, an increase of 3,2% compared tot the previous year.
Especially young employees
Eye-catching: the increase is greatest among employees aged between 20 and 29. In this age group the number of company cars increased by 48%, the largest increase of all age groups. However, these young employees live closer to work. On average, they have to travel barely 12 kilometres.
That the commuting distance for employees in general has decreased, from an average of 20 kilometres to 16 kilometres, is mainly due to the young people.
By the way, company cars are also becoming more expensive. Attentia calculated that the average list price is 34.006 euro, compared to 31.966 euro in 2015. Diesels lose some ground – 89,1% compared to 94,8% in 2015 – but they remain head and shoulders above the rest.
More or less constant
Of the approximately 5,7 million cars in Belgium, one fifth is registered as a company car. The ratio within the Belgian vehicle feet of a fifth company cars, four-fifths private cars, remains more or less constant for the time being.
Does this mean that the Belgian policy on company cars has completely failed, precisely because the federal government has not succeeded in reducing the number of payroll cars on the road with the ‘cash for car’ principle?
Private individuals drive their cars significantly longer, because on average a company car is replaced after four to five years. This short life-span somewhat puts the share of number of company cars in the entire Belgian car fleet into perspective.
From a demographic point of view, we must not forget that there are many of us, we live longer and have to work longer, so we also keep our car for a longer time.