China Auto Rental Files for Public Offering in NYSE
Since starting in 2007, China Auto Rental has grown a fleet of 26,000 and said it hopes to take this number up to 100,000 in 2015.
According to China Daily, China Auto Rental Inc. has filed for an initial public offering on the New York Stock Exchange.
The car rental company, which said it plans to raise $300 million to repay debts to buy new fleet vehicles, is considered the largest in the country because it offers car rentals in each province and region. Since starting in 2007, China Auto Rental has grown a fleet to 26,000 and said it hopes to take this number up to 100,000 in 2015.
According to data from the consulting firm Roland Berger Strategy Consultants, the car rental industry in China has grown about 30% every year since 2005.
For the full article from China Daily, click on the URL: http://www.chinadaily.com.cn/cndy/2012-01/20/content_14478981.htm
More Rental Operations
Southwest Airlines Selects CarTrawler For Its Car Rental Booking Platform
The platform is designed to allow customers to compare and book rental vehicles more easily during the travel booking process.
Read More →
Cross-Pressures, Evolving Trends Drive 2026 Rental Car Industry
A combination of cautious economic behavior, shifts in the rental vehicle market, and technological influences are shaping car rental operator decisions.
Read More →
Government Affairs Executive Wins Leading Rental Car Industry Award
Robert Muhs started in the car rental industry with Avis Budget Group two years before the first International Car Rental Show.
Read More →
Green Motion Expands Its African Presence with Mozambique Launch
This new rental car outlet reflects the growing demand for reliable transportation and the emphasis on sustainable travel across the continent.
Read More →
RentalMatics, GeoInt Partner On Rental Car Speed Tracking Tech
Rental operators can now detect and act on speeding while vehicles are still on rent, thereby reducing fines, admin workload, vehicle wear, and safety risks.
Read More →
NextPass Expands Toll Payment Service to Highway In Toronto
Fleets and consumer can use a transponder-less option when traveling between Canada and the U.S.
Read More →
Zubie, PurCo Integrate Rental Damage Detection With Telematics
The combination brings actionable vehicle insights into PurCo’s PurInspect platform, improving damage detection and operational efficiency for rental fleets.
Read More →
U.S. Length Of Rental (LOR) Declines Slightly in Q1 2026
LOR related to insurance claims overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
Read More →
Hertz, Uber Deepen Roles In Self-Driving And Driver-Led Fleet Services
The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.
Read More →
Why Car Rental Can No Longer Run On Workarounds
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →