Why Are Rental Car Prices So High Right Now at Alex Earl blog

Why Are Rental Car Prices So High Right Now. Supply issues and corporate profits could be to blame, according to experts. The cost to rent a car last month outpaced inflation for other types of travel expenses, like airfare and hotels. In fact, whereas average prices across all items are up about 23% since before the pandemic, rental car prices in 2024 are up a much sharper 35%. To mitigate it, i should book as soon as i’m even *thinking* about traveling somewhere. Like several aspects of the travel economy, renting a car is more expensive than it was before the pandemic. Other travel costs have come down, but rental car prices remain high. Prices have risen so high — about 88 percent from a year ago — that rental cars are now one of the key factors driving the biggest rise in inflation since 2008. Rental car prices have been surging because demand is high and supply is low, both due to the coronavirus crisis and the chip shortage.

Rental car prices have been surging because demand is high and supply is low, both due to the coronavirus crisis and the chip shortage. Supply issues and corporate profits could be to blame, according to experts. Other travel costs have come down, but rental car prices remain high. The cost to rent a car last month outpaced inflation for other types of travel expenses, like airfare and hotels. Like several aspects of the travel economy, renting a car is more expensive than it was before the pandemic. In fact, whereas average prices across all items are up about 23% since before the pandemic, rental car prices in 2024 are up a much sharper 35%. Prices have risen so high — about 88 percent from a year ago — that rental cars are now one of the key factors driving the biggest rise in inflation since 2008. To mitigate it, i should book as soon as i’m even *thinking* about traveling somewhere.

Why Is Car Rentals So High Right Now at Cynthia Houston blog

Why Are Rental Car Prices So High Right Now The cost to rent a car last month outpaced inflation for other types of travel expenses, like airfare and hotels. To mitigate it, i should book as soon as i’m even *thinking* about traveling somewhere. Other travel costs have come down, but rental car prices remain high. Prices have risen so high — about 88 percent from a year ago — that rental cars are now one of the key factors driving the biggest rise in inflation since 2008. Like several aspects of the travel economy, renting a car is more expensive than it was before the pandemic. The cost to rent a car last month outpaced inflation for other types of travel expenses, like airfare and hotels. Supply issues and corporate profits could be to blame, according to experts. Rental car prices have been surging because demand is high and supply is low, both due to the coronavirus crisis and the chip shortage. In fact, whereas average prices across all items are up about 23% since before the pandemic, rental car prices in 2024 are up a much sharper 35%.