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Renting fever booming before Spring Festival

Shingo From GAS| January 19 , 2007 17:39 BJT

A person in charge of a vehicle renting company in Jinan, the Capital of Shandong Province said, as early as the national festival in 2006, some clients have paid the deposit of the Spring Festival rent, then followed by many clients. Basically speaking, there were no vehicles to rent at the end of last year.

It is learned that the vehicle renting market is generally concentrated in the peak one month before the festival in previous years. Jinan, the Capital of Shandong Province currently has 29 car renting companies, for a total of more than 800 vehicles. It is widespread existing that these companies have supply shortage in vehicles during holidays. 

Another person in charge of car renting company said that in 2006, the car renting market is not only popular during the holidays, but also in peacetime with a clearly renters increased, and more than 70% of them are long-term customers. It is learned that by the instable price of automobile market, and other factors affecting the cost of keeping a vehicle, the concept of vehicle consumption has begun to change. More and more consumers with an idea of "renting instead of keeping” are emerging. They often choose the economic car with cheap rental prices as a transportation tool in lieu of the daily trips. This concept will save customer of licensing, buying new cars insurance and other fussy formalities. Moreover, they won’t worry about the economic losses in depreciation of the vehicle.

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