Xinhua - Beijing's car rentals have risen to 300 percent in the upcoming Spring Festival and rental rates have surged to about 90 percent, Beijing News reports.
Since the municipal government issued a lot-drawing policy to limit the size of vehicle fleets and ease traffic congestion at the beginning of the year, citizens have been forced to find other means of transportation.
Stimulated by Beijing's new policy, the car rental industry is booming, says Zhang Ruiping, CEO of eHi Car Service.
It is high time to promote the emerging industry and introduce this greener lifestyle to more people, Zhang added.
Luo Lei, deputy secretary general of China Automobile Dealers Association, encouraged more 4S shops to carry out a rental business.
Qian Zhiya, senior vice president of China Auto Rental Inc., said the car rental industry is influenced by seasonal factors. In slack seasons, consumers can rent a car at less than a hundred yuan a day. While during the holidays, especially the Spring Festival, prices may double or triple.
