China Auto Rental Slashes Prices and Accuses Competitors of Slander

According to the Global Times, China Auto Rental CEO Lu Zhengyao announced that prices for rental cars would be available at 50% off for one year in response to negative publicity the company claims it has received from its competitors. Prices from China Auto Rental now reach as low as 50 Yuan, which is about $8 (US).

On the microblogging site Weibo, Lu directed angry comments at the company’s competitors telling them to “back off” and “do not cross the line” following the attacks China Auto Rental received for their 5-year anniversary promotion in September.

China Auto Rental told Global Times that it also plans to report evidence of its competitor’s slander to police.

View the full article from the Global Times by clicking on the URL:
http://www.globaltimes.cn/content/749560.shtml


Related news: China Auto Rental Announces $200 Million Investment Funding

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

2017: Fleet Mix Will Be Paramount

Car rental companies are migrating to vehicle segments with better residual values, though not without bumps in the road.

Auto Rental Summit: Five Trend Lines

Taking in the seminars, discussions, and networking at the 2016 Auto Rental Summit, trend lines emerged around shifts in model mix, data protection issues, increasing labor costs, workforce engagement, and new platforms to rent cars.

Job Finder: Access Top Talent. Fill Key Positions.