Rental car prices have skyrocketed, surprising some travelers who are also finding vehicles hard to come by.
In some high demand locations, rental car costs exceed $300 per day. Some of the worst regions of the country, such as southern California or Florida, saw March rates exceed $500 per day.
Even if customers are willing to pay these rates, they may find it impossible to get a vehicle, due to pandemic-related shortages.
- Shortage in rental cars in Hawaii spikes prices in the hundreds (Mar 31, 2021, KHON2 News)
This post is based on the Autoweek article, Here’s Why the Rental Car Shortage Isn’t Going Away Anytime Soon, by Jay Ramey, April 6, 2021; the KOAT article, Need a rental car? They might not be so easy to find, by Shellye Leggett, May 26, 2021; and the YouTube video in the Spotlight. Image source: Blue Jean Images/Alamy Stock Photo
1. What key factors account for the lack of rental car capacity?
Guidance: Early in the pandemic when the nationwide lockdown was in place and traveling ground to a virtual halt, most rental car companies sold off at least Continue reading