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US car rental prices could double by August amid nationwide shortage
NY Post ^ | 06/16/2021 | Josh Kosman

Posted on 06/16/2021 1:26:44 PM PDT by ChicagoConservative27

It’s going to be a scorcher of a summer when it comes to car rental prices, The Post has learned.

The average daily cost to rent a car in the US jumped to a record $63.75 last month — with prices as much as 50 percent higher than pre-pandemic levels at some major brands — as the nation’s economy revved back to life, according to data collected by Jefferies, a New York investment bank.

What’s more, demand is getting so hot — with fees for August already trending above $100 a day — that many vacationers can expect to pay more than double what they would have before the pandemic, according to data on summer reservations.

“You may see consumers resort to mass transit,” Jefferies analyst Hamzah Mazari predicted.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Government; News/Current Events; Your Opinion/Questions
KEYWORDS: car; carrental; prices; rental; shortage
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I am looking to rent a car for a wedding I have to go to in Wisconsin in September. I have points with Enterprise. 400 bucks for three days!
1 posted on 06/16/2021 1:26:44 PM PDT by ChicagoConservative27
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To: ChicagoConservative27; Gamecock; SaveFerris; PROCON; mylife; Rebelbase
It looks like they ran out of cars.


2 posted on 06/16/2021 1:31:31 PM PDT by Larry Lucido (Donate! Don't just post clickbait!)
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To: ChicagoConservative27

Deep State really, really doesn’t like us driving.


3 posted on 06/16/2021 1:34:29 PM PDT by mewzilla (Those aren't masks. They're muzzles. )
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To: mewzilla

The elites are pining for the good old days when only the very wealthy drove cars and peons had to settle for horses and buggies.


4 posted on 06/16/2021 1:40:38 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: ChicagoConservative27

My car bit the dust in early May. New car supply is short, so I considered renting a car for a month or two until I got the car I wanted, at the price I wanted. For the price of a two month rental, I could have made six car payments. I took what I could find, and it was an overly optioned 6.5% off MSRP SUV.


5 posted on 06/16/2021 1:41:29 PM PDT by Savage Rider
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To: ChicagoConservative27

I booked a RAV4 in January to use beginning 6/7. $187/week. In the two weeks preceding 6/7 I was called three times to confirm that I still wanted the car. That’s never happened before.


6 posted on 06/16/2021 1:43:00 PM PDT by hardspunned (former GOP globalist stooge)
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To: ChicagoConservative27

During the peak pandemic I actually rented a lot of cars. Nice sedans for under $20 a day, compact car for under $15 a day. Last I checked they had tripled already but that was Easter week so could be a demand issue for that. Would not be surprised if they went up higher by end of summer. They were a little cheaper at the airport but not by much, and is sort of to be expected since they have a lot of cars at the airport rental lots vs the ones inside city areas.


7 posted on 06/16/2021 1:43:48 PM PDT by monkeyshine (live and let live is dead)
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To: ChicagoConservative27

Just checked on one week car rental for September: more than $800, of which nearly half is for taxes and fees!


8 posted on 06/16/2021 1:45:34 PM PDT by Hootowl
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To: ChicagoConservative27

$106 / day for a compact in rural southwest PA, now.


9 posted on 06/16/2021 1:55:08 PM PDT by Eagles6 (Welcome to the Matrix circa 1984.)
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To: ChicagoConservative27
The semiconductor shortage reached a level that car rental agencies are buying used cars.

https://www.autoblog.com/2021/05/03/rental-car-agencies-buying-used-cars-chip-shortage/

10 posted on 06/16/2021 2:08:47 PM PDT by T.B. Yoits
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To: ChicagoConservative27

We’re lucky, over the years we’ve made our hideout the way we like it, like a sanctuary with most everything we need or like. It’s why when we leave the compound we only travel locally and very little of that nowadays. I no longer like or desire to be around strange people or big crowds. Been there done that. In fact is someone gave be free tickets on one of those floating apartment building cruises, I’ve give them away or sell them.


11 posted on 06/16/2021 2:13:04 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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Er...In fact if someone gave me free tickets on one of those floating apartment building cruises, I’ve give them away or sell them.


12 posted on 06/16/2021 2:14:54 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: ChicagoConservative27

People that fly really depend on getting a rental car at the end of their travel. With prices like this it is bound the airlines. Who would want to fly if getting a rental car is out of possibility?


13 posted on 06/16/2021 2:14:54 PM PDT by sasportas
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To: sasportas

Even if they gave me a complementary fully stocked limo at the end of a trip, I have no desire or need to fly anywhere. I really like it this way!☺


14 posted on 06/16/2021 2:19:24 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: ChicagoConservative27

It’s gonna be very interesting by August. Keeping the car in good shape. Stocking up on pretty much everything, many dry and canned staples. Canning meat (no freezer needed), drying fruit, making jerky. Barrel of water in basement (might get another). Extra gasoline, propane, kerosene. Oh yeah, and ammo.


15 posted on 06/16/2021 2:20:05 PM PDT by polymuser (A socialist is a communist without the power to take everything from their citizens...yet.d)
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To: ChicagoConservative27

I always wondered why car rentals for a week or more were so cheap here compared to Europe. Guess that’s over for now.


16 posted on 06/16/2021 2:24:53 PM PDT by SaxxonWoods (Any comment might be sarcasm, or not. It depends. Often I'm not sure either.)
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To: ChicagoConservative27

I just moved back the U.S. from Europe. The rental car for me, my wife, and our oversized mutt is costing me twice what I pay for my truck. Can’t wait until the truck gets here and unloaded off the boat. I want my own wheels again.

Of course, I have to buy her a car as well. We sold her undersized German car and the replacement won’t be cheap. But she puts up with me, so it’s worth it at twice the price.


17 posted on 06/16/2021 2:27:24 PM PDT by drop 50 and fire for effect ("Work relentlessly, accomplish much, remain in the background, and be more than you seem.")
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To: T.B. Yoits

While I was having my Tacoma serviced, my wife got a couple of calls from the dealership wanting to buy it back.

If I had one of the project buckets roadworthy, maybe.

As it stands, a couple of those might leave. I never seem to get anywhere with them. Lots of reasons. I guess a couple of Jeeps ought to be enough.


18 posted on 06/16/2021 2:34:23 PM PDT by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: ChicagoConservative27

We rented a car via Thrifty a couple of weeks ago at DC’s Washington Reagan airport. Their desk was closed and two ladies at the Hertz counter were servicing renters for Hertz, Dollar and Thrifty.

I was there for two hours. When I got to the car, it had just been washed and had 50,000 miles. Never been in a rental with that many miles but it got us everywhere we wanted to go.


19 posted on 06/16/2021 5:04:13 PM PDT by Mean Daddy (Every time Hillary lies, a demon gets its wings. - Windflier)
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To: ChicagoConservative27

20 posted on 06/16/2021 5:08:00 PM PDT by dfwgator (Endut! Hoch Hech!)
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