Heartland car rental shortage causes prices to rise
CAP GIRARDEAU, Missouri (KFVS) – If you’re planning to hit the road this summer and need to rent a car, you may need to increase your travel budget.
National car rental rates are around 30% higher than two years ago, according to a survey.
“When we saw the rental car prices, I thought this was not going to happen,” said John Barton.
“It’s about triple the cost of two years ago,” said Roy Sweet.
Heartland residents John Barton and Roy Sweet are planning their next trips out of town.
They said the price hike is not ideal.
“We were considering either having Uber from Orlando Sanford to West Melburn where my family lives, or they would come and pick us up. so now they’re picking us up and we’re just going to carpool all weekend, ”Barton said.
“We’re still going to go; we’re just working extra shifts, ”Sweet said.
The reason for the high prices is a shortage of car rentals.
Travel expert Carolyn Sandgren-Kemphf said the pandemic had caused it.
“What happened was the car rental companies had all these fleets of cars in place, they lacked cash, they had no income, so they sold their fleets. “Sandgren said.
Now, it’s a challenge to fill the lots.
Automakers face a shortage of semiconductor chips, which are essential for critical systems in cars.
Sandgren has now said that more and more people are turning to travel agents for help.
“We are able to negotiate with some of the car dealerships in the really tough cities and they will let us have cars for our customers,” she said.
Sandgren said you can expect this shortage to last all summer.
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