SK Rent-a-Car, Long-Term Rental of Electric Vehicles ‘Popularity’… Cumulative contracts approaching 10,000 units

Thanks to the popularity of eco-friendly cars, SK Rent-a-Car’s long-term rental business for electric vehicles is growing steadily. The company expects demand for long-term rental cars for electric vehicles to continue for the time being, and plans to target the market with differentiated services.

According to SK Rent-a-Car on the 18th, the number of long-term rental car contracts for electric vehicles was estimated to be 1,500 as of the first quarter of this year. It’s the highest ever.

The cumulative number of contracts, which stood at only 1,700 in 2017 and 2020, increased to 6,700 last year and 8,200 in the first quarter of this year.

In other words, the number of contracts has been achieved in the past three months from 2017 to 2020. At this rate, SK Rent-a-Car’s cumulative number of long-term rental contracts for electric vehicles is expected to surpass 10,000 units in the first half of this year.

The increase in the number of long-term rental car contracts for electric vehicles is attributed to eco-friendly winds and high oil prices that are blowing around the world. As positive perception of electric vehicles increased, customer preference increased. Another advantage is that long-term rental cars for electric vehicles can be used conveniently and quickly regardless of problems such as subsidies or garages. SK Rent-a-Car is processing subsidies from the state and each local government on its own and reflecting the average in the monthly rental fee next month.

On top of that, the recent prolonged delay in the release of new cars due to unstable supply and demand of semiconductors for vehicles also affected the increase in long-term rental car contracts for electric vehicles. In the case of rental car companies, they can receive and use new cars faster than ordinary consumers because they sign a bulk purchase contract with a finished car company in advance.

Compared to last year, the proportion of customers who use long-term rental cars for electric vehicles has increased significantly this year. According to SK Rent-a-Car, Hyundai Motor’s “Ioniq 5” ranked first and Kia’s “EV6” ranked third in terms of long-term rental car contracts as of April. In other words, two out of three long-term rental cars are electric vehicles. 장기렌터카 비용

Earlier, SK Rent-a-Car has been preemptively responding by launching a long-term rental car service exclusively for electric vehicles for the first time in Korea in March 2016. The contract for 60 ‘SM3 Z.E.’s at the Jeju International Electric Vehicle Expo began. Since then, it has started its electric vehicle business in the second half of 2020 through a preparation process and has been expanding its business in earnest since last year.

In February last year, it issued 98 billion won worth of green bonds for the first time since its foundation to strengthen the rental of eco-friendly cars. In March, he also participated in the Ministry of Environment’s ‘K-EV100’ by declaring a transition to an eco-friendly mobility rental company. The main goal is to convert 100% of the vehicles owned into eco-friendly vehicles such as electric vehicles and hydrogen vehicles by 2030.

In June, it also announced a plan to create ‘SK Rental Car EV Park (tentative name)’ in Jeju Island, the largest electric vehicle complex in Korea. By 2025, 3,000 electric vehicles will be introduced and a 7200-kilowatt (kW) charging infrastructure will be established to effectively operate vehicles.

SK Rent-a-Car is planning to lead the eco-friendly rental car market with differentiated services. A representative example is “EV All-in-One,” which was released for the first time in the industry in 2020. Including the monthly rental fee and charging fee, customers can charge free of charge during the contract period if they pay the rental fee. Korea Electric Power Corp. and the Ministry of Environment’s fast chargers, which are 7,000 (about 80% of electric vehicle charging stations nationwide), can be easily used only by user authentication without paying for SK Rent-a-Car. Recently, it has launched the industry’s first long-term rental car for electric vehicles “Polstar 2,” and this month, it is also expanding consumer choices by introducing short-term rental car products for “Polstar 2.”

An official from SK Rent-a-Car said, “The number of long-term rental contracts for electric vehicles this year is expected to increase steadily, exceeding last year. By 2030, we plan to respond to demand by converting all 200,000 vehicles we have into eco-friendly vehicles such as electric vehicles.”

“AK Rent Car” is preparing for a new promotion in 2022. Domestic and imported cars, etc

It will present a newly prepared event for 2022. AK Rent Car announced that it will sell special New Year’s planned promotion vehicles and pre-purchase vehicles until they run out of stock.

It provides a more efficient way to operate long-term rental cars and long-term rental cars, which are specialized brands for new cars. These days, when long-term rental car customers are rapidly increasing, unintended amounts of money may be paid if they do not make purchases that meet each consumer’s needs.

Recently, a growing number of consumers are meticulously requesting long-term rental car estimates through long-term rental car price comparison sites and home shopping long-term rental cars.

Depending on your creditworthiness and the model of the vehicle you want to use, various conditions such as options and months, deposit, advance payment, and discount rate vary, so it is very important to carefully compare and select each rental company.

As car rental companies begin to compete with each other, the benefits of enjoying various high-quality services at lower prices are diversified by rental companies to attract customers who want to use new long-term rental cars, and consumers are paying keen attention to AK rental companies.

Vehicles currently under special promotions are frequently released, including Ioniq 5, Grandeur, Avante, K5, K8, Carnival, EV6, Genesis, and Staria. It can be delivered immediately if there is a vehicle with the desired option and color.

When you ask the AK Rent Car website, it provides customers with optimal estimates by comparing and analyzing the chapters and shortcomings of products that customers are curious about, and provides thorough management and A/S as well as long-term rental and auto lease succession.

SK Rent-a-Car Makes Used & Valuation System

SK Rent-a-Car is going to establish a used car value evaluation system using the Vehicle Control System (FMS). It is to get the right price when selling high-quality used cars owned by the company. As SK Rent-a-Car sells tens of thousands of returned vehicles every year, it is expected to have a positive effect on its performance.

SK Rent-a-Car recently started to build a used car data analysis system. The goal is to create a value evaluation system as well as vehicle history management to extract accurate vehicle diagnostic data based on data. It is the first time for a rental car company to create a system that measures the value of used cars using integrated driving information data, not just model year and mileage.

SK Rent-a-Car Makes Used & Valuation System
Data is collected through the FMS terminal equipped with a rental car. Information such as mileage, rapid acceleration or rapid deceleration, fuel economy, and safe driving score can be accumulated. Previously, this information was used to provide consumable exchange services such as engine oil and air conditioner filters, but it is also used to evaluate vehicle value.

Used cars have different vehicle conditions depending on the driver’s driving habits, even if they have the same mileage as the vehicle type. SK Rent-a-Car is planning to increase the commercialization of vehicles by proving this based on reliable data. Instead of selling the vehicle returned to the customer as it is, the company plans to repair the interior and exterior directly as needed

SK Rent-a-Car is the second-largest rental car company in Korea, and as of the first quarter, the number of rental cars owned by SK Rent-a-Car is 155,073 units. Every year, 20,000 vehicles are sold as used cars. The share of profits from the sale of used cars is 31.5% of sales. This is why it is expected that the profitability improvement effect will be great due to the establishment of a used car data analysis system.

However, there are currently no plans to sell used cars to consumers who are allowed to enter the large companies market. They say they will decide after reviewing sufficient business feasibility.

An official from SK Rent-a-Car said, “We are planning to increase the value of vehicles sold based on data and commercialize them if necessary,” adding, “We are planning to diversify the channels for sale compared to before.”