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

  • China’s rising construction equipment sector in focus at CONEXPO
    February 13, 2017
    In recent years, China construction machinery industry has made great achievements, a fact that will be featured at this year's CONEXPO-CON/AGG. China’s Chamber of Commerce for Import and Export of Machinery and Electronic Products and the China Construction Machinery Association will introduce China construction machinery industry at its booth, G2116A. Chinese construction equipment makers are the world’s largest producers of mobile cranes, wheeled loaders, excavators and now also concrete pumps than
    Read More
  • Interviews round-up
    March 19, 2012
    Investment in infrastructure is a key priority for the US. With a three-part growth strategy, business improving worldwide and improvements in order books, the Terex Group is looking to increase net sales to US$8 billion by 2013. Ron DeFeo, Terex’s chief operating officer, said the company has been seeing increased order and quotation activity across nearly all of its product categories.
    Read More
  • Rental market can grow buy must address challenges
    April 26, 2018
    Social and political factors favour the growth of the European construction equipment rental market, but the industry faces a number of challenges, said Gérard Déprez, president of leading rental company Loxam speaking at the Intermat Rental Day conference. Growing awareness that the shared economy brings cost and environmental advantages through more intensive and judicious use of equipment, together with a drive towards more mechanisation is increasing the demand for rental.
    Read More
  • Cummins sets new quarterly trading record in strong growth period
    November 6, 2023
    Cummins has set a new quarterly net cash from operating activities record of US$1.5bn, a huge rise on the $382mn in Q3 2022.
    Read More

Highlighted Content