Fleet Vehicles

Managing fleet vehicles requires considerable cost and administration. That’s why many companies opt to use fleet management companies. Of all the expenses to manage with a company-provided vehicle program, one of the highest is fuel. In 2019, fuel accounted for 23% of vehicle program costs. What can a company do to get their gas spend under control? This blog will…

Vehicle accidents happen. And there’s no shortage of causes. While there are prevention measures people can take, these often come far too late. Vehicle accidents are particularly common among companies with fleets. What can a company do once the accident has occurred? This post aims to answer important questions on the topic of fleet accident…

Of the four major vehicle programs, company-provided vehicle programs make up a significant number. According to our 2019 mobile workforce benchmark report, they were the second most popular. A company-provided vehicle program is simple: the company provides its mobile employees with a fleet vehicle for necessary business travel. What’s less simple is the continued expense….

Report Highlights How Reimbursement Programs Can Ease Financial Costs of Office Space, Company-Owned Vehicles and Mobile Phones BOSTON, Mass., June 25, 2020 – Motus, the definitive leader in reimbursement solutions for businesses with mobile-enabled workforces, today released a new report, “Idle Assets: A Financial Burden.” The report examines the financial impact of idle business assets,…

Key Insights for Companies with Fleets in 2019 Each year, Motus publishes the Mobile Workforce Benchmark Report. It’s our most extensive report, with everything you need to know about the state of vehicle programs today. Looking for key statistics for company car programs, or to compare your own fleet with those of your peers? You’re…

Switching to an allowance from a company car program? Your company has a fleet. You’re getting sick of personal use piling up and employees not treating cars well. Maybe you have some doubts about accounting for those vehicle expenses yourself. Or have a suspicion that company cars for your sales reps aren’t the lowest cost option….

ASC 842 Compliance and Your Vehicle Program Lease accounting used to be a Wild West of off book expenses. The culprit? A loophole in the Generally Accepted Accounting Principles (GAAP) set forward by the U.S. Securities and Exchange Commission. But in early 2016, the Financial Accounting Standards Board (FASB) established a new set of rules…

Look at as much data as you want, visit as many fortune tellers as you can afford, the fact remains: no industry is immune to market fluctuation. Even if you aren’t particularly good at dancing, you know the steps. When the market booms, your company grows. When it busts, your company tightens its belt. What…

How Does Depreciation Impact Your Company’s Fleet Vehicles? In a recent study of over 4.1 million car sales, vehicle research site iSeeCars has recognized the 10 cars sure to depreciate the most in a three-year time span. Spoiler alert: it does not look good for owners of American and German made vehicles. The highest depreciator,…

Creating Savings With Your Retail Company’s Vehicle Program It’s hard to call any line of work easy. Selling ice cream on a hot day even comes with inevitable wrist and elbow pain. No one is about to say that working in the retail industry is easy. And with the rise of online purchasing, competition has…