Demand for rental cars soars

Companies say they do not have enough vehicles to meet the demand of those looking to get back on the road.
1:26 | 04/25/21

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Transcript for Demand for rental cars soars
Back now with the soaring demand for rental cars Americans looking to get back on the open road but companies say they don't have enough vehicles. Here's ABC's Deirdre Bolton. Tonight a travel heads up for anyone planning to rent a car this summer you might not by and watching. A supply shortage is coming without precedence. It's all come together in the worst sort oh. Last year rental car companies reported shrinking their lead to drastically selling hundreds of thousands of cars to stay afloat when the pandemic killed demands. Now industry experts say demand is booming back business surge. I don't demand for travel but the cars to meet it just won't be there. Early signs of what's to come from Hawaii where a shortage of cars for rent should people flocking instead to the U haul line merely I'm sorry. What are you movie that I know we just need to vehicles aren't. Expect to rental rates two goes sky nine Hari a Toyota Camry on Mallory last month. 700 dollars a day and it won't just be Hawaii the obvious solution for the rental companies. Buy more cars is not so obvious global auto production is nearly at a standstill because of shortages of computer chips. There is no fast solution. Advice to summer travelers book their rental car as soon as possible and canceled later if your plans change wits. Got to plan a had all right Deirdre thank you.

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