Fleets are switching from three to four-year contracts in an effort to cut costs, but there are fears the culture of extending vehicle contracts may affect staff retention and morale.

“While we are in difficult times at the moment, if you don’t look after your current employees who see you through the bad times problems could arise,” explained Adrian Harris, group fleet manager at Pertemps.

According to a Fleet News Confidence survey, more than a third (36%) of fleets have extended their vehicle replacement cycles in the past year, while a further 29% are considering the move over the next 12 months.

See this week's Fleet News for more.