Car Sharing Growing In Popularity For Corporate Users

Car Sharing Growing In Popularity For Corporate Users

Are company cars destined to be a relic of the past? Probably not, but companies are begging to adopt a new kind of corporate vehicle, one that can be paid for by the hour and operated by Hertz or Zipcar, two of the biggest names in auto-sharing programs.

An article in the New York Times focuses on Hertz’s Connect by Hertz program, as well as Zipcar, which are seeing an increasing number of corporate clients. Employees can use the cars for anything from sales calls to grocery shopping, and the cost savings are substantial. One Boston area firm cut costs from $43,000 per employee to $6,500, just by switching from a livery car service to Zipcar.

At a cost of only $5 per hour to the employees, which includes parking, gas and insurance, car-sharing looks like a no brainer, even if the fleet is heavily skewed to the Toyota Prius and other less than exciting vehicles.

[Source: New York Times]