Skip to main content

China car rental revenue to hit US$6.33bn in 2015

China's car rental market is set to record a 17% increase in revenue during 2015 to US$6.33 billion (CNY 39bn) compared to 2010, according to Roland Berger Strategy Consultants. The country's top rental firm, China Auto Rental, is expected to be offering more than 100,000 cars by 2018. The firm recently launched a strategic plan to 2018. In June 2013, China Auto Rental hired world famous football player David Beckham as the company's ambassador. The car rental services provider currently offers 55,000 cars
July 9, 2013 Read time: 1 min
China's car rental market is set to record a 17% increase in revenue during 2015 to US$6.33 billion (CNY 39bn) compared to 2010, according to Roland Berger Strategy Consultants.

The country's top rental firm, China Auto Rental, is expected to be offering more than 100,000 cars by 2018. The firm recently launched a strategic plan to 2018. In June 2013, China Auto Rental hired world famous football player David Beckham as the company's ambassador. The car rental services provider currently offers 55,000 cars at over 600 outlets in 66 Chinese cities.

Related Content

  • A bullish Strabag adjusts upwards its 2019 outlook
    November 30, 2018
    Strabag - in a bullish mood - has adjusted upwards its 2019 outlook as it publishes its nine-month figures for 2018. We now expect the output volume to clearly exceed €15 billion and the operating EBIT margin to attain at least last year’s level of 3.3%. These forecasts lead us to anticipate another record year,” said Thomas Birtel, chief executive Strabag. Output volume was just over €11.6 billion in the first nine months of the 2018 financial year. The company statement said that this upwards moveme
  • Huge potential of Kenya’s bitumen market
    May 17, 2017
    Kenya’s bitumen demand to grow - Shem Oirere writes. Kenya’s demand for bitumen products is set to increase with recent budget allocations for construction of new roads, ports and airports and for maintenance of existing transport infrastructure. The country’s economic growth rose from 5.3% in 2014 to 5.5% in 2015 and is projected to hit 6% and 6.4% in 2016 and 2017 respectively according to the African Development Bank, triggering demand for better and modern infrastructure particularly in the transport se
  • Road upgrades for China
    February 29, 2012
    China's Lin'an City plans to invest US$110.6 million on transport infrastructure projects in 2011.
  • CEA: UK equipment sales show modest growth in 2018
    February 26, 2019
    Retail sales of construction and earthmoving equipment in the UK market grew by 2% in 2018, despite a drop in the last quarter. Prior to the 8% reduction in sales in Q4 (compared with Q4 2017), the trend over the previous two years had been to show steady, but slowing growth each quarter (see graph). Retail sales in the UK market reached nearly 31,000 units, according to the Construction