Latest News:  
Beijing   Cloudy/Overcast    27 / 20 ℃  City Forecast

English>>China Business

China's toll fee exemption boosts holiday auto rentals


08:08, September 26, 2012

A China Auto Rental Inc outlet in Shanghai. [Photo/China Daily]

Car rental agencies in China have seen a surge in business, with more people planning to hit the road during the upcoming National Day holiday, the first time when the nation's roads become toll-free.

The Chinese government in August decided to lift road tolls for passenger cars taking highways during major Chinese holidays, a move widely expected to fuel tourism consumption.

An index measuring people's desires to travel in the peak vacation season surged to 87.9 percent this year, up 29.6 percent from last year's figure, according to the China Tourism Academy.

Yang Yanying, vice-president of China Auto Rental, said more than 60 percent of the company's cars have been reserved for the holiday running from Sept 30 to Oct 7 this year.

"The exemption of toll fees gave a boost to car rental businesses," said a CAR manager surnamed Zhou. "My company estimated that drivers can save 30 to 40 percent of their costs, as road tolls will be lifted."

However, customers taking trips said that while road costs could be reduced, sitting in the driver's seat remains costly.

CAR's reservation system shows that the daily rental fee for a Hyundai Elantra, an economy car, rose to 325 yuan ($51.50) for holiday bookings, or double the usual daily rental price.

In addition to increasing rental fees, car lenders have also imposed additional requirements and stricter cancellation policies. For instance, many companies have required customers to rent cars for a minimum of four days.

News we recommend:
China, US battle over auto parts New Silk Road future of trans-Eurasian freight Islands 'purchase' hurts major industry sectors
Global mobile brands find lines busy in China Tough times in the bicycle rental business Gearing up for knowledge economy
Grape expectations from Argentina  New hurdle for Japan's carmakers Secrets of a successful PE firm


Leave your comment0 comments

  1. Name


Selections for you

  1. Weapons in PLA videogame Glorious Mission

  2. Mad mud carnival in Turkey

  3. Crackdown uncovers market malpractice

  4. Athletic stars' wedding

  5. Retired swimmer Zhou Yafei's wedding photos

  6. Take the iPhone 5 apart

Most Popular


  1. Aircraft carrier brings timely morale boost
  2. Palestine faces difficulties amid Arab upheaval
  3. Theft of Diaoyu Islands risks China-Japan trade ties
  4. Japan defies post-war int'l order, China's goodwill
  5. Tokyo's stance on Diaoyu Islands 'unacceptable'
  6. Supervision shields officials from graft
  7. Microsoft wisely teams with Beijing to fight piracy
  8. Japan needs examination of wartime aggression
  9. Is Chinese economy sliding into dangerous position?
  10. Naval expert: Aircraft carrier will play a major role

What's happening in China

First police sports games held in Jilin

  1. New generation of workers demands more respect
  2. Breast cancer mortality rate rising in China
  3. Suspect sought in college killings caught by police
  4. Xi'an police pressure rioters to surrender
  5. Gold moon cakes not about the glitter

China Features

  1. How to pan for gold in cultural investment fever
  2. How are elegant Miss Etiquettes 'produced'?
  3. Co-production helps Chinese films go global
  4. Caution: Traps behind credit card use
  5. A visit to world's oldest Buddhist pagoda

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture