A New York Times report suggests that the prices for car rentals are going to go only up in the foreseeable future. The reason for it? The big bad wolf economy of course! There are fewer cars to rent than last year so that means that prices can go only up. Big rental companies aren’t buying that many new cars, but then again, who is? And as for their current cars, some of those are being sold to used-car dealerships. You do the math! Less cars, bigger rental fees! Make sure you make arrangements in advanced if you plan to rent a car this summer.
Compared to last year you’d have to pay anywhere from 65% to 73% more to rent a car for a week. Prices for May-June 2008 varied from $199 to $210 while this year they are at around $345. How much are you willing to pay for your rental car?
Tags: Car Rental, economy, Industry