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

  • KPMG’s Global Automotive Executive Survey 2012
    March 21, 2012
    With China slated to be the world’s biggest market for auto sales and exports by 2025, and demand for electric vehicles expected to be the highest in emerging markets, global auto players should have a clearer vision of the way forward on issues critical to the industry.
    Read More
  • Strabag toast ‘double-digit’ revenue and earnings rise
    April 27, 2012
    Strong demand in the German building construction and civil engineering sector and booming Polish transport infrastructure construction helped fuel a double-digit increase in Strabag revenue and earnings during the 2011 financial year. The Austrian construction firm’s earnings before tax and interest (EBIT) rose by 12% to US$442.81million (€334.78million), resulting in an unchanged EBIT margin of 2.4%. Meanwhile, Strabag’s revenue rose by 11% to $18.13billion (€13.71billion).
    Read More
  • Developments in compact asphalt compaction
    February 20, 2012
    An array of new models has increased competition in the market for compact asphalt compaction products - Mike Woof reports
    Read More
  • China opens record-breaking bridge
    February 22, 2012
    China has opened the world's longest bridge over water, the 41.58km Jiaozhou Bay Bridge, which is said to have cost well over US$2 billion to build. It links the eastern port city of Qingdao to Huangdao Island across Jiaozhou Bay and is 4km longer than the previous longest bridge over water, the Lake Pontchartrain Causeway in Louisiana, USA. Opened in June, 2011 after four years of construction, the link is expected to carry some 30,000 vehicle/day and will reduce travel time by 30 minutes, although it is o
    Read More

Highlighted Content