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.
Highway & Network Management

Related Content

  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t
    Read More
  • Wacker Neuson achieve record annual revenue
    March 19, 2012
    German-based construction equipment manufacturer Wacker Neuson is celebrating record annual revenue and earnings.
    Read More
  • Wacker Neuson sees 7% revenue growth for 2015 but remains cautious
    March 18, 2016
    Munich-based construction equipment manufacturer Wacker Neuson reported growth in revenue for fiscal 2015, despite difficult market conditions. However, a company statement said profit dipped due to crises in key industries and regions, leading to “a cautious revenue and earnings forecast for 2016”. Group revenue was €1.38 billion for 2015, up 7% on €1.28 billion for 2014. When adjusted to discount currency effects, revenue grew by 3%. During the first half of the year, revenue grew 14% on the same
    Read More
  • Strong results for Cummins in Q3
    November 5, 2021
    Cummins is benefiting from strong results in Q3.
    Read More

Highlighted Content