New research from Trakm8 has found that increasing numbers of businesses are being significantly affected by grey fleet risks.

In a new report, Grey Fleet on the Rise, the organisation highlights that a third of businesses have been moderately or significantly impacted by grey fleet issues in the past 18 months, since the start of the pandemic, with 58 per cent of fleets being managed by non-fleet professionals.

Of more concern, 18 per cent of businesses don’t know how many grey fleet vehicles they have in their fleet, as well as 14 per cent not knowing who grey fleet management responsibility lies with, meaning the issue could be far worse than first imagined.

The report was the result of a survey of UK businesses with fleet sizes ranging from 10 to 100+ vehicles about the issue.

Jim Hill, Marketing Director at Trakm8, said: “The statistics revealed in our report are very concerning and highlight the fact that more education is needed on the risks grey fleet brings and the measures businesses can put in place to help mitigate them. It is clear that grey fleet issues have been accelerated due to the impact of the pandemic and it is imperative that businesses address this issue quickly, particularly as hybrid working becomes the norm.

“Through support from the Association of Fleet Professionals, our latest report not only gives a detailed insight into the impact the pandemic has had on businesses throughout the UK, but also provides a clear understanding of legislative requirements and a blueprint of the solutions available to keep grey fleet risks to a minimum.”