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Used cars went up in value last year. Rental car companies sold their fleet cars into a better market and did not acquire new cars. This left rental car compan
by mleo 5y ago
Used cars went up in value last year. Rental car companies sold their fleet cars into a better market and did not acquire new cars. This left rental car companies short on supply and able to raise rental car prices to compensate as people travel again.
A couple of weeks ago, with seemingly no large events occurring, all rental cars in San Antonio were rented. This week, they are available, but at higher prices than I would normally expect.
- kyllo 5y agoI'm even seeing stories about U-Haul trucks all being rented out by tourists because rental cars are unavailable, causing a shortage of rental trucks for movers.
- ericmay 5y agoWhere are you seeing these stories?
- jeromegv 5y agoHawaii https://www.hawaiinewsnow.com/2021/04/22/why-are-visitors-cruising-around-u-hauls-blame-pandemic/ https://www.hawaiinewsnow.com/2021/04/22/why-are-visitors-cr...
- deleted 5y ago[deleted]
- olyjohn 5y agoMan, U-Haul must be pretty happy. Just a few weeks ago, my UPS driver showed up in a U-Haul truck and was using it to deliver packages.