Car Rental Likely to Grow in China

Car rental companies and investors in China are currently observing 327.37 million drivers that were licensed as of the end of 2015 and comparing that number to the 124 million cars that are privately owned in China, according to an article by South China Morning Post.

Investors believe that the bigger the gap means a greater demand for rentals, according to the report.

The demand in car rentals is likely related to factors such as air pollution and congestion control as well as a lack of industry regulation, says the report.

Click here to read the full South China Morning post report.

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

What Does the Future Hold for Fleet Sales to Car Rental?

With domestic automakers pulling back on rental fleet sales and lower overall light-duty sales projected, the car rental industry will have to adjust.

Who is the Local Operator of the Future?

In an autonomous vehicle environment, the business model will change, but fleet management will be more important than it is today.

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Job Finder: Access Top Talent. Fill Key Positions.

>