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Trends in the Rental Car Market in South Korea
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Auto Rental News
Photo: CarmoreThe size of the South Korean rental car market has now surpassed 1 million units, shares Carmore, a rental car price comparison platform with 570 small and medium-sized rental car enterprises in 56 regions.
According to an analysis by the Korea Rent-A-Car Association (KRCA), as of the third quarter 2022, the number of rental car registrations in South Korea was more than 1.05 million.
Source: CarmoreIt's worth noting that the rental car market, which used to be a traditional offline market, is being reorganized around online platforms.
And, thanks to the short-term rental car market, it is also recovering.
About 1,000 regional-based small and medium-sized rental car enterprises nationwide account for nearly half of the Korean rental car market.
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'south'
'rental'
'mediumsized'
'demand'
'market'
'small'
'korea'
'longterm'
'carsharing'
'trends']