PRESS RELEASE:

 

Goodbye company car – employees want customized mobility. Flexibility is the new trend.

 

• Almost every second employee wants flexible access to various mobility solutions
• Almost 40% prefer short contract terms of 12 months or less
• Three quarters of company car owners are in favor of a mobility budget

 

Hamburg, June 04, 2024 – A new survey by MHC Mobility, a pan-European mobility service provider for sustainable and manufacturer-independent mobility solutions, shows that The traditional 24-month leasing contract has had its day. Employees are demanding more flexibility and customized mobility solutions. The representative, nationwide survey (n=1000) makes it clear that private usage options, low costs and flexible vehicle choice are crucial for employees.

 

Our customers are increasingly demanding more flexibility. They no longer want to be tied to rigid contracts, but want to be able to change their vehicle depending on their needs and situation,” explains Johann Goldenstein, Commercial Director at MHC Mobility Germany. “This is precisely the flexibility we offer with our MHC Mobility service. Our customers can choose between different vehicle models and terms at any time and thus put together their own individual mobility package.”

 

 

 

 

Flexibility is the new trend

 

• 47%: of employees want flexible access to various mobility solutions

 

Short contract terms

 

• 15% Total
• 33 % Company car available

 

High level of equipment & comfort

 

• 21 % Total
• 40 % company car available

 

Flexible access to different vehicle types

 

• 21 % Total
• 47 % Company car available

 

Low monthly costs

 

• 58 % Total
• 33 % Company car available

 

Possibility to use the vehicle privately

 

• 63 % Total
• 64 % Company car available

 

 

The survey results clearly show that flexibility plays a central role in the choice of vehicle. 47% of respondents emphasized the importance of flexible access to different vehicle types depending on their life situation, be it a small car for singles, an estate car for families or an electric car for the city. In addition, 33% attach great importance to shorter contract terms. This trend shows that employees no longer want to be tied to lengthy contracts and appreciate the freedom to adapt their choice of vehicle to their current needs. The preference for shorter contract periods is particularly striking: almost 40% of respondents who have a company car at their disposal prefer contract periods of 12 months or less. This illustrates the desire for more frequent switching options and greater adaptability.

 

“The demand for flexible and customizable vehicle solutions cannot be ignored. We need to move away from rigid leasing contracts and offer employees more freedom in the use of their company cars,” continues Goldenstein. “With our FlexiRent offer, we are ahead of our competitors. The contract term starts from just one month, adjustments can be made at any time and the vehicles are available immediately. Our customers receive a tailor-made mobility package with maximum flexibility.”

 

The demographic difference is also interesting: younger employees under the age of 30 place particular value on flexible vehicle choice (51%) and shorter contract terms (38%), while older respondents over the age of 50 prioritize these aspects less strongly. There are regional differences between the federal states. In Bavaria, for example, the desire for flexible vehicle types is particularly high at 52%, while in North Rhine-Westphalia shorter contract terms are preferred by 35% of respondents.

 

 

 

 

High acceptance for mobility budget

 

• 74% of company car owners are positive about the offer

 

Total:

 

• 23 % very positive
• 26 % rather positive
• 15 % rather skeptical
• 12 % very skeptical
• 24 % no opinion

 

Company car available:

 

• 34 % very positive
• 40 % rather positive
• 16 % rather skeptical
• 6 % very skeptical
• 4 % no opinion

 

Company car owners are much more positive about a mobility budget that enables the flexible use of different means of transportation than the overall sample. 74% of company car owners are in favor of such a budget, compared to 49% of all respondents.

 

“A mobility budget offers enormous flexibility and allows employees to choose the best mobility solution for them, be it a car, a bike or public transport,” explains Goldenstein. “For the time being, we are still focusing on our established core business with cars and vans, but we are not ruling out new options. We have to remain flexible, there is too much movement in the mobility market for that.”

 

About MHC Mobility:

 

MHC Mobility is a pan-European company for corporate mobility solutions with manufacturer-independent vehicle types and, as a member of the Mitsubishi HC Capital Group, is one of the strongest leasing and financing companies in the world. With 65 years of industry experience and as the inventor of long-term rental – the original of today’s car subscription – MHC Mobility acts as a pioneer in the mobility industry with a fleet size of over 12,000 vehicles – combustion and electric. In addition to its headquarters in Bockel, the company supports its customers at eight other MHC Mobility Centers throughout Germany. Personal account managers develop customized mobility concepts for business customers and support the entire fleet design and management process. More information at www.mhcmobility.de

 

Press contact MHC Mobility:
Maren Wrona
T: +49 4286 7703 379
Mail: maren.wrona@mhcmobility.de