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Bangkok Post
Bangkok Post
Business

Car rental market recovers as firms look to cut costs

New vehicle rental business registrations in the first six months of 2022 rose by 40.7% year-on-year according to the Business Development Department.

The vehicle rental business recovered in the first half of this year as private companies and government units opted to hire vehicles, instead of making purchases or using hire purchase, to reduce their costs.

According to Deputy Commerce Minister Sinit Lertkrai, flourishing delivery services have also stimulated the growth of the vehicle rental business, as self-employed workers rented cars and motorcycles rather than using hire purchase vehicles to deliver goods, food, and passengers.

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