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Legend Holdings stake in Beijing China Auto Rental Car rental price cut
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Four fifty dollars to rent a car? Choice of models now priced in the capital, dozens of car rental market adequate. In two months ago, rent a car in Beijing, the price is lower than the yuan basically impossible. This is just two months, the capital Steam Car rental market is what happened? Last month, Lenovo Holdings announced plans to pay 1.2 billion yuan in the form of cash and debt-equity swap entered the Beijing Shenzhou's largest car rental company car rental. If suddenly reached the calm of a large fish pond, the domestic car rental industry competition Competition pattern of whom changed. According to China Auto Rental (China) Co., Ltd. Hung Yao Jun, senior vice president, currently the capital market, there are thousands of car rental companies, which number more than 50 operations of less than one percent. Most car rental companies and Brokerage firm has the background of used cars, used cars they close up after waiting in the storage lease sale within the time take it to reduce the rate of second-hand car idle. Since car rental companies generally smaller scale, operational and management costs is difficult diluted, car rental prices will not set too low. Car rental industry in the capital, the most powerful steam when the number of first leasing company. However, the first gas lease has been to the hotel, conference and other high-end car rental market primarily. China Auto Rental Automobile Rental previous strength after the first, phase is Legend Holdings, the China Auto Rental able to operate in the short term surge in the number of vehicles several times. The increase in the number of vehicles operating in the scale that China Auto Rental With the price of the sustaining power. China Auto Rental "cut" type of price cuts, so many small car rental business capital was cold. Deputy Secretary-General of China Association of Automobile Dealers king respect, the balance of the car rental industry has been broken, shuffling inevitable. "Now we have to buy 1000 vehicles a month or more, to the end of this year, our country can operate over 10,000 vehicles." Yao Jun Hung said that in the next 5 years, car rental companies operating Shenzhou vehicles will reach 10 Million. Analysis of industry experts, car rental market size, intensification of the model is not accidental. Car rental industry is facing great opportunities for development. According to the survey, some owners will choose to limit car travel on the day of the line. In addition, weekend trips, visiting relatives increased demand, both for the car rental industry provides a bigger cake congenital conditions.