Anyone who’s tried to rent a car in the last year or so likely discovered that prices were not what they once were, reaching many hundreds of dollars a day in some areas. Rental-car agencies sold off their excess vehicles during the early days of the pandemic and were caught off guard when demand returned sooner than expected
Experts are offering different predictions for when the rental scene in the U.S. will get back to something more normal. Some say it will be at least 2022 before prices come down.
Rental companies are changing their policies to keep their cars longer before they cycle them out of the system. Vehicles are being moved away from locations that used to cater to business travel—which is returning, but still not as high as before the pandemic—and into southern vacation hot spots.
Read the article at MSN.