Holiday boosts car rental market
21/1/2003 15:27
More Shanghainese plan to lease a car for the coming Spring Festival
holiday, with car rental demand twice as high as supply, eastday.com reported
today.
Local car rentals began to heat up last year, especially during
weeklong holidays such as Spring Festival, Labor Day and National
Day.
All of the 1,000 plus cars in their inventory are leased out for the
holidays, said a spokesman with the Shanghai Anji Car Rental Co, the largest car
rental company in the city.
Currently more than 3,000 cars are available
for rent in Shanghai, about half of market demand, a market analyst
estimated.
Rental prices won't go up over the holiday, and numerous
discounts are on offer, announced several local companies. Rates are 300+ yuan
per day, with 10-percent discounts for periods over three days.
People
are opting to lease luxury cars for their status value. There is not a large
rate difference between high and low-end cars.
Wendy Zhang/ Shanghai Daily news
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