How much does it cost to rent a car during Chinese New Year?

How much does it cost to rent a car during the Chinese New Year? Full analysis of car rental prices during the Spring Festival in 2024

As the Spring Festival approaches, the demand for returning home and traveling has surged, and the car rental market is ushering in the peak season. This article will combine the hot topics on the Internet in the past 10 days to sort out the car rental price trends and practical suggestions for the 2024 Spring Festival for you.

1. Overview of the car rental market during the Spring Festival in 2024

Data shows that car rental bookings during the Spring Festival this year increased by 35% year-on-year, and the proportion of new energy vehicles exceeded 40% for the first time. The popular rental periods are concentrated from February 6 (the twenty-seventh day of the twelfth lunar month) to February 17 (the eighth day of the first lunar month), and prices show the characteristics of "low at first and high at the end".

2. Rental comparison of mainstream models (rental starting from 7 days)

3. Analysis of regional price differences

4. Money Saving Strategy

1.Off-peak car rental: If you pick up the car before February 4th, you can enjoy the usual price. After February 15th, the price will drop by 30%.
2.Long-term rental discount: The average unit price of orders over 7 days is reduced by 15-20%
3.Choose a new platform: Some emerging platforms launch the "0 rent for new users on the first day" campaign
4.Return the car at another location: Popular tourist cities (such as Sanya and Kunming) support free off-site car return

5. Things to note

• Insurance options: It is recommended to purchase insurance without deductible (about 50 yuan/day)
• Deposit rules: deposit is waived for Sesame Credit with a score of 650 or above
• Key points for vehicle inspection: Be sure to take videos of the surroundings of the vehicle and the dashboard
• Gas and electricity policy: Fuel vehicles must be "returned with full fuel", and electric vehicles must retain more than 20% of the electricity.

6. New trends in 2024

1.Family trip package: Bookings for models including child safety seats increased by 200%
2.pet friendly vehicles: Vehicles equipped with pet mats must be reserved 7 days in advance
3.Ice and snow models: Prices of anti-skid tire vehicles in Northeast China have doubled and demand still exceeds supply
4.luxury car rental: The booking volume of business models such as Mercedes-Benz E-Class and BMW 5 Series hit a new high

According to data from a car rental platform, as of January 25, the rental rate of vehicles during the Spring Festival period has reached 82%. It is recommended that users in need complete their reservations before February 1 at the latest. Properly planning a car rental plan can not only ensure travel convenience, but also effectively control the budget.