Spring breakers face rental-car shortage

Spring breakers face rental-car shortage

Vacation-bound Americans are spending a pretty penny on car rentals — due to a pandemic-induced vehicle shortage, according to reports.

Rental prices for even “economy”-sized cars in hotspots like Arizona, Hawaii and Florida have soared to $300 a day and beyond in recent weeks as the industry struggles to keep up with pent-up demand.

“Travelers are canceling entire vacations because they either can’t afford a car rental or simply can’t find an available car at any price,” Jonathan Weinberg of the auto rental search engine Autoslash told the Points Guy.

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Rental car prices have jumped 30 percent nationwide — and as high as 300 percent in some places, Weinberg said.

The industry simply doesn’t have the supply to meet the demand. COVID-19 decimated the industry financially last year — mainstays like Hertz filed for bankruptcy, while others sold off their cars to cut costs, CNN Business said.

Travel has also resumed faster than many rental companies anticipated, according to

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