Bilantlia JSC, a subsidiary of the Insight investment group and one of Russia's largest car rental companies, operating under the RexRent brand (formerly Avis/Budget), has released its performance results for H2 2024.
In this period, the company's fleet grew by 16% from 1,648 to 1,908 vehicles. Chinese brands continue to dominate as the most popular rental cars. Chinese-made vehicles accounted for 78% of RexRent's fleet in the first half of the year. In July, this figure further increased to make 80%. For comparison, in 2022, Chinese-made cars represented only 3.7% of the fleet and, in 2023, they reached 40.8%. The remainder of the fleet is made up by South Korean (16%) and European brands (6%).
"The extension of the range of new models offered by Chinese automakers in Russia is fueling interest in them. Chinese brands boldly experiment with new features for driving comfort and other technical innovations. The automakers listen to Russian customers and incorporate their feedback into vehicle upgrades," said Evgeny Melekhin, CEO of RexRent.
RexRent (JSC Bilantlia, formerly Avis/Budget) is one of the largest car rental companies in Russia, providing short-term rentals, subscription services, and operating leases. The company has offices in 20 cities throughout Russia. It has been part of Insight Investment Group since August 2023.
