Rental Cars in High Demand on Hainan during Spring Festival

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Last updated at: (Beijing Time) Monday, February 10, 2003

Rental Cars in High Demand on Hainan during Spring Festival

With more Chinese in south China's Hainan Province getting behind the wheel to celebrate their Spring Festival, automobile leasing was a hot business this year.

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With more Chinese in south China's Hainan Province getting behind the wheel to celebrate their Spring Festival, automobile leasing was a hot business this year.

During the week-long holiday period, the province's four major auto-leasing companies, Sanjiu, Huajia, Changdao and Zhonglu, leased an average of 90 percent of their vehicles.

Sources with the Sanjiu Automobile Leasing Company said orders were placed by telephone or web site two months ahead of the festival. As all their 100-plus automobiles were booked, explanations to customers became a routine work during the holiday.

Zhang Yujun, general manager of the Huajia Auto-Leasing Company, claimed the market demand reached at least 1.5 times as much as the supply.

Based on the customer lists, Zhang said young people aged 25-35and tourists from outside the province took up the greatest proportion.

A survey made by the Haikou Automobile Leasing Company showed most families rent cars to avoid crowded trains. The daily cost varies with the automobile's quality, ranging from 90 yuan (about 10.84 US dollars) to 1,800 yuan (about 217 US dollars).

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