Two departments issued a new shared credit model for car use instead of deposit management

According to the website of the Ministry of Communications, on August 8, the Ministry of Transport and the Ministry of Housing and Urban-Rural Development jointly issued the "Guiding Opinions on Promoting the Healthy Development of Small and Minibuses Leasing" (referred to as the "Guiding Opinion"). The "Guiding Opinions" pointed out that the use of new energy vehicles is encouraged to carry out time-share leasing, and time-shared leasing operators are encouraged to use credit models instead of deposit management.

Data Map: Sharing cars into Fuzhou. Photo by Liu Kegeng

It is understood that from June 1 to June 14th, the Ministry of Transport publicly solicited opinions on the “Guidance on Promoting the Healthy Development of Automobile Rental Industry” on the website of the Ministry of Government. Based on the comments and recommendations of the 194 comments, the Ministry of Transport revised and improved the "Guidance Opinions," limiting the scope of application to small and microbus leases; enriched the requirements related to anti-terrorism prevention, increased the "maintenance of public safety," and "acquired as required." And submit relevant information, etc.; added expressions such as “encouraging the use of new energy vehicles to carry out time-sharing leasing” and “encouraging time-shared leasing operators to use credit models in place of deposit management”.

The "Guidance Opinions" proposes that the leased vehicles should go through registration with the public security organs in accordance with the relevant laws and regulations and technical standards, and carry out safety technical inspections, environmental protection inspections and scrapping of vehicles in accordance with relevant regulations. According to the registered insurance premium rate corresponding to the nature of the use of insurance insurance, third party liability insurance. Implementation of the identity verification system, small and micro bus rental operators should have the necessary facilities for identification and inspection of the valid documents provided by the lessee.

The “Guiding Opinions” clarified that according to the overall urban planning, in accordance with the local economic and social development and residents’ travel needs, and comprehensively related factors, the development plan for the development of small and micro passenger vehicles shall be formulated and integrated into the comprehensive transportation system planning and the urban comprehensive transportation system planning to strengthen mini-micro Passenger car rental and transfer of different modes of transport convergence, and promote the airport, railway station, bus station, port and other transportation hub business sites and passenger traffic dense area parking site construction. Encourage operators to use new technologies and new means to strengthen their day-to-day operations and management. Operators should improve network security protection measures.

The "Guiding Opinions" clarified that the characteristics of non-incentive travel by time-shared leasing should be considered, the position of time-shared leasing in the urban comprehensive transportation system should be reasonably determined, and the establishment of vehicles suitable for public travel needs, urban road resources, and parking resources should be studied. Delivery mechanism. Time-share leasing operators should increase their online and offline service capabilities, adopt safe and compliant payment and settlement services, ensure the security of user deposits and funds, and encourage the use of credit models in place of deposit management.

In order to create a favorable environment for the development of the industry, the "Guidance Opinions" also set forth requirements for accelerating the construction of system standards, promoting the settlement of illegal traffic on leased vehicles and road traffic and rental vehicle fraud. Accelerate the establishment of a credit system, establish a credit evaluation system for leasing operators and lessees, and establish a cross-sectoral and cross-regional joint incentive and disciplinary mechanism.

The "Guidance Opinions" require that all local transportation departments must formulate supporting policies, measures and implementation plans.

According to the Ministry of Transport, in 1989, China's first car rental company was established. At present, there are more than 6,300 car rental businesses in the country, and the total number of leased vehicles is about 200,000, which is growing at a rate of about 20% per year. However, compared with the developed countries in the car rental industry, there is still a large gap in the number of vehicles, market concentration, network operation and service capabilities. 92.7% of the country's car rental companies own less than 50 vehicles, and the top 5 largest companies such as Shenzhou and Jiyi have a market share of only about 20% (the top 5 largest companies in the United States have a market share of 94%). It is difficult to implement networked operations and form economies of scale.