How to index your car policy
Vehicle leasing prices have changed significantly. Many fleet managers wonder these days whether to review their car policy in order to align it with the current market, or perhaps wait a little longer until markets stabilize. Revising the car policy often feels inevitable. But, what is the actual cause of the fact that the current car policy budget doesn´t fit with the changed market? In many countries, multiple causes can be pointed out, such as higher investment value or inflation.
We may carefully presume that the figures will not go back to where they were, any time soon. What is the impact on your lease price? An what actions are expected from Fleet Managers?
To make the complexity of the current price developments more tangible, a lease price index has been developed called the “Car Policy Index”. It monitors the behavior of your Car Policy categories. And with categories we mean the job levels and the corresponding lease price that the employee is eligible to have. This so called Car Policy Index enables companies to adjust their Car Policy categories based on actual facts from the market.
All developments at a glance
The Car Policy Index is a dashboard with graphs which simply can be filtered by year or brand, giving insight in the development of the monthly lease rate since your car policy was last revised. Besides that, it also displays the development of list prices, interest rates, cost of maintenance and dealer discounts – all per car policy category.
The Car Policy Index was launched on 1 September 2022 and is initially applicable for Poland, Czech Republic, Slovakia, Hungary and Romania.
Additionally, Fleet Europe has hosted a live webinar about the Car Policy Index, which was moderated by Steven Schoefs, including a Q & A session with the audience. A recording of the webinar is available on YouTube: LINK TO WEBINAR.