French safety drive could improve residual values for companies

October 13, 2016

New laws designed to improve road safety and expose dangerous drivers in France could also improve residual values for employers. As part of a justice modernisation bill, legislators will be able to order employers to provide employee details when they commit traffic offences in company cars. By exposing ‘ghost drivers’, legislators will be able to enforce licence penalties, which cannot currently be allocated. Each year, drivers escape 2 million penalty points because their details cannot be accessed, which encourages unsafe driving. Employers can reduce their running costs by managing employee behaviour on the road more effectively. Excessive speed and braking can cause premature tyre and brake wear and damage expensive items such as clutches, while speeding drivers are also likely to undertake high-risk behaviour on the road that can lead to costly accidents and insurance claims. According to an IFOP study, 69% of French employees say they use their smartphone while driving on business and 68% admit to speeding to reach appointments on time. The French government is encouraging companies to take an active role in improving road safety by signing up to a commitment to tackle on-road risks, which has already been supported by companies including PSA Group, Renault, Michelin and Total. In the year to the end of September 2016, road deaths were up 3.1% year-on-year, although France still has one of the lowest fatality rates in the world. With 7.6 road deaths/ 100,000 vehicles, it is similar to Italy (7.3), Germany (6.8), Spain (5.3) and the UK (5.1). Each year, more than 1.2 million people die in road accidents worldwide.

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March 31, 2017

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