Car rentals drop as people stay at homeFLEETS IDLED: An industry association called for tax breaks to help struggling car rental firms, some of which could go under if the government does not provide aidBy Chen Cheng-hui / Staff reporterThe nation’s car rental industry has experienced a steep drop in business as people cancel travel plans and stay at home following a surge in local COVID-19 infections last month. The slump in business is particularly damaging for some car rental firms and might push them into bankruptcy, the Chinese-language Liberty Times (the sister newspaper of the Taipei Times) reported yesterday, citing the Taipei Passenger Car Rental Association. The association has called on the government to suspend vehicle fuel tax and vehicle license tax this year to help car rental companies overcome the difficulties, the newspaper reported. A Carplus Auto Leasing Co worker cleans the interior of a rental car in an undated photograph. Carplus Auto Leasing Corp (格上租車), a unit of Yulon Group (裕隆集團), has seen revenue from its short-term car rental and chauffeur service drop by nearly 70 percent, the Liberty Times reported.

Source: Taipei Times June 14, 2021 15:56 UTC