Write For Us

Why is it so hard and expensive to rent a car right now?

Sponsored Post Vitamin D2 Canada Persia
74 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
There is a critical shortage of inventory in the U.S. rental car market. The situation north of the border isn’t as bad yet, but industry experts predict Canada will soon mirror the U.S. and that could put a damper on staycation plans.

During the COVID-19 pandemic, demand for rentals plummeted. People didn’t need as many lifts from airports or loaners after an accident. So, rental agencies from coast to coast to coast sold off their fleets, reducing them from 30 to 40 per cent on average.

With a strong Canadian dollar and a hot market for vehicles, it was easy to unload them. But as restrictions lift, demand has returned with a vengeance this month.

Anne Gaviola has more.

For more info, please go to https://globalnews.ca/news/7981592/car-rental-shortage-canada-covid/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #RentalCars #CarRentals
Category
U.S. & Canada
Tags
global news, Rental cars, Car rentals
Sign in or sign up to post comments.
Be the first to comment