China News Service, May 27. According to the US "World Journal" report, in the United States, the epidemic has eased and travel is active. Now the price of the car market has soared, especially in tourist areas. For example, the price of a day in Hawaii soared to $650. Car rental prices in Vegas have also increased by 70% to 100%.

The Chinese car rental industry said that the main reason for the price surge is the lack of cars and the imbalance between supply and demand, but this is a short-term phenomenon and will return to reasonable prices in the future.

  Harrison Wu, an owner of Rui Chi leasing, said that Los Angeles is now in the recovery phase, and the business volume of car leasing has increased significantly, but there is still a lack of high-end consumer groups to promote.

There are many orders now, but the average price is still not going up. It is still maintained at a price of US$55 to US$250 per day, which is almost the same as before the epidemic.

The guests are also locals, and occasionally foreign tourists.

The main customer base is concentrated in the airport, and the local business volume is also the company's largest.

  The Los Angeles car rental market is fiercely competitive. In addition to mainstream car dealers, there are also private car rentals that occupy low-end market prices.

These operators rent private cars with personal insurance to others at very low prices. Before the epidemic, it was around US$20 to US$30 per day, and there were more than US$500 a month.

If such an accident occurs, the consequences will be heavy losses.

  He said that car rental prices in tourist cities such as Las Vegas have recently doubled, and economic SUVs are the most popular, and there is a clear shortage of cars in the area. For this reason, he has transferred some cars from Los Angeles to support it.

Car rentals on Maui, Hawaii are also very popular, with any local car model costing US$650 a day.

The reason is that there are few car rental cars on the island, so you can only take Uber if you don't rent a car.

But Uber's fees also start from $50 to $100, which is not cheap.

  However, he believes that this kind of popularity is caused by the shortage of car sources, is temporary, and will return to a reasonable price in the future.

  The epidemic has had a huge impact on the car rental industry. 90% of Chinese car rental companies are unable to close their doors, and car dealers are forced to sell cars because they are unable to repay their car loans.

Harrison Wu said that the profit point of car rental and car dealers is the rent and residual value of the car. Last year, the residual value of the car suffered heavy losses.

In the end, only the two categories of economy and high-end cars were retained. In the future, it also plans to lighten assets as much as possible, and will not buy cars on a large scale to reduce the burden of keeping a car.

  There were also car rental companies who changed their careers. The Chinese company Mr. Hu sold his cars during the epidemic last year and switched to restaurants to deliver food.

He said that there was no hope for the epidemic last year, and the pressure on car loans was too great, so he sold all the cars, and everyone collectively switched to catering and delivery.

There are also many uncertainties in the future of the epidemic, and I feel that I will never go back to the time when I did business with peace of mind.

  With regard to the increase in car rental prices, consumers, in addition to traveling with the market, also choose to drive in their own cars as much as possible.

Chinese Annie Li said that recently I went to Northern California with my friends. I used to rent a car in order to avoid liability. However, because the rental price was too expensive, I finally drove my own car. My friends shared more than $100 as petrol and wear subsidies.

(Zhang Hong)