04 Feb '11, 10pm

Boom for car rentals: by Patwant Singh SINGAPORE - The car rental business has revved up this Chinese New Year s...

SINGAPORE - The car rental business has revved up this Chinese New Year season, with industry players saying demand is much higher than usual. They estimate a 25- to 30-per-cent improvement from the holiday period last year. Companies also reported bookings made way in advance this time. "We figured it was because of the economic recovery and ... the sudden rise in COE prices," said Popular Rent A Car general manager K K Ho. The downside to the high demand: Jacked-up prices, by at least 20 per cent, across the industry. However, customers seemed willing to bear the extra cost - by "a few hundred" dollars, one said - for the convenience of ferrying around family and friends this festive season. "I think it's still more economical because car prices are high," said customer Esther Loo. Motorists will not see more Ferraris or Lamborghinis cruising around this week, though. Un...

Full article: http://www.todayonline.com/Singapore/EDC110205-0000191/Bo...

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