Singapore Sees Uptick in Car-Sharing Market

Rental car companies in Singapore are enjoying good business and have been booked up during the Lunar New Year, causing an increase in the car-sharing market, according to Today Online.

One car-sharing company, Car Club, saw up to a 30% increase in business compared to the same period last year. Others in the industry have seen increases of 15-20%. Car Club is Singapore's largest car sharing company, with 150 cars and 54 stations.

Car Club's Managing Director Lai Meng said that Chinese New Year has always seen an increase in demand, but this New Year, demand has been even higher. Meng believes that could be partly due to the higher cost of cars.
WhizzCar, the second largest car-sharing company in Singapore, operates 90 cars and saw a 20% jump in business. Whizzcar's General Manager Ho Kok Kee said that car sharing is a viable option as the government moves to reduce car ownership.

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