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Why a Car Rental Change Was Almost a $1,700 Mistake
sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
Global rental car shortage impacting Cape Breton tourism group
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Business leaders seek options as Enterprise winds down operations
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That Cheap Car Rental May Be a Fraud
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A semiconductor shortage has affected vehicle production.
This means there is a shortage of cars - and rental-car companies can t get the new cars they need.
The demand is sending the cost of used cars soaring.
The
semiconductor shortage has slashed vehicle production so much that rental-car
companies can’t get the new cars they need, so they have resorted to buying
used vehicles at auction.
This is uncharted
territory for the likes of Hertz Global Holdings and Enterprise Holdings, which
have made their profits by purchasing new vehicles cheaply in bulk, renting
them out for as much as a year and selling them at auction. In the past, they