Bharatbook.com : Market Attractiveness and Emerging Opportunities in Chinese Defense Industry
27-Nov-2011 | News-Press Release
Deep Analysis & Strategic Consultancy Research Report of China Auto Rental &  Lease Chain Industry 2011
  
  China' s Auto Rental and Lease Chain industry has experienced near 30 years'  development since CITIC rented the first group cars for Beijing by way of  Cross-border lease in 1980s and the Auto rental service has transferred its  function from foreign affair activities and tourism to normal life. More and  more enterprises begin investing on auto rental and auto rental companies bloom  all over large and medium cities in China.  http://www.bharatbook.com/detail.asp?id=168005&rt=Deep-Analysis-Strategic-Consultancy-Research-Report-of-China-Auto-Rental-Lease-Chain-Industry-2011.html 
  
  There has been over 3000 auto rental companies, 100,000 cars in rental market  and 10 billion turnovers till now due to the ceaseless increase of auto rental  amount. Meanwhile, gradually improvement of credit market becomes one of the  major factors which push the development of auto rental market. It' s indicated  that in the near 5-10 years turnovers of China' s auto rental market will reach  40 billion.
  
  Although the prospect of market seems bright to people in the industry, auto  rental market is facing greater challenge because of the declining prices of all  kinds of vehicles, rapid increase of residents' income, and increasing richness  of automotive financial products together with warming of automotive credit  consumption. The status quo of auto rental industry also casts a heavy shadow on  the industry' s prospect. According to the recent data, there are over 3000 auto  rental companies in China and tens of thousands had a hand in auto rental  business. However, 80% of those companies run less than 50 cars, 70% have less  than 5 staff. By contrast, the world' s largest auto rental company Hertz owns  525,000 vehicles for operation. Small scale, poor management and service, high  rental threshold and price and unfeasible DOW, all the factors above are  problems that keep the industry in durance and become the restrictions of  development of auto rental and lease industry.
  
  In this report, the status quo, trend of development and prospects together with  the typical chain body of the auto rental market are analyzed in multi-angles  according to the development environment (including economic environment, social  environment, policy and consumer environment, etc.) Considering the regional  differences of China' s economy, consumer habits, we conducted an in-depth  research on market and segmentation of key cities, meanwhile, in the process of  analysis, we conducted an in-depth research on the operational difference of  auto rental chain bodies by way of comparison in accordance with the actual  situation. 
  
  For more information kindly visit :   http://www.bharatbook.com/detail.asp?id=168005&rt=Deep-Analysis-Strategic-Consultancy-Research-Report-of-China-Auto-Rental-Lease-Chain-Industry-2011.html          
  
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