BMW was awarded the Manufacturer of the Year prize by the magazine for the fourth year in a row, while the BusinessCar of the Year went to the new BMW 1 Series.
Businesses could soon be in the market for replacement BMW car parts, with the latest BusinessCar Awards suggesting the manufacturer's vehicles could be among the best for companies.
BMW BusinessCar of the Year
According to Paul Barker, editor of BusinessCar, BMW's "combination of desirability, efficiency and driving" makes for an ideal company car. So, what do you think? Do you agree with Paul Barker? Do you own one and would like to share with us your experience.
He also noted that the manufacturer succeeds in offering an appropriate model for each level of employee, while running costs are surprisingly low for a premium brand.
"The people running these vehicles and giving them to their staff obviously appreciate the job BMW is doing," Mr Barker added.
Meanwhile, BMW-owned Mini also came away with a prize at this year's BusinessCar Awards after the Mini Hatch was named 2012 Supermini of the Year.
However, companies based in urban areas after a car their staff can easily and cheaply drive around the city might prefer to go for a Fiat, with the Italian manufacturer's 500 series scooping the City Car award, also for the fourth year running.
Mr Barker praised the 500's mix of "fun and frugality" as well as the recent addition of Fiat's TwinAir technology, which helps to lower CO2 emissions.
The winners of the 2012 BusinessCar Awards were voted for by the magazine's readers, meaning the winners represent the views of the business fleet industry.
With many businesses feeling the pressure of the current economic downturn, it could be more important than ever that they fill their fleets with cheap-to-run cars.
They could also cut down on costs by using second hand car parts from a trusted car part finder such as BreakerYard, rather than forking out for brand new components.