OT - Does anyone know why car rentals are so expensive in Boston (at Logan Intl)?
- Thread starter rockingamecock
- Start date
Rental prices are way up all over. Rental companies sold off a bunch of their fleet during covid to generate cash flow since rentals were down. Now that the new car market is being impacted by the chip shortage, they haven't been able to buy new cars to replenish their fleets. So they have fewer cars to rent.
Car rental prices are sky high, experts warn the trend is here to stay
Car rental companies sold off large portions of their fleet when travel stopped at the start of the pandemic. Now travelers are back, and demand is outweighing supply.
www.abcactionnews.com
FWIW, this is also impacting used car prices as rental companies aren't able to buy new cars to replenish/update their fleet, so they aren't getting rid of any older cars.
It’s so bad in Hawaii that people are renting Uhaul trucks for their stay and there is a market for renting personal vehicles like you would a B&B. Rates have been as high as 800$ a day for a normal rental.
I was like WTF, no way. NPR and several other news outlets ran the Hawaii story this past weekend
Gracious, lol. Imagine toting the family around in a Uhaul for a week.
I've got a little trip to Vegas coming up. We prepaid the rental a few months back. Glad we did but I hope there will be a car waiting for us.
I call shotgun!!! I call shotgun!!🤣🤣🤣
I would not be surprised if rental company doesn’t have a surprise added charge.
My assumption is you are not going to gamble or visit brothels, so what shows do you have tix for?
Every car rental outlet within 150 miles of an airport in Florida last weekend was sold out. Most are already booked through the entire summer months in advance. The compacts are going for $300 a day, full size $500 a day ans SUVs for $ 750 a day.
We're just tagging along for a few days with my daughter's family. Playing activities by ear. My grandson is attending a Rubio football specialists camp out there. He's a long snapper who is on the radar with some colleges.
Just an FYI...if you are visiting the city of Boston don't waste $ on a rental car. Take public transportation and Uber. If you are flying into Logan and headed somewhere else, that is different obviously.
I was able to book a "mid-size" on Travelocity this morning at Orlando International Airport for June 21 through June 25th for $68 per day.
Signs of hyperinflation are beginning to appear everywhere. They've been able to buy time by artificially jacking 401ks and RE, but there's not much dance floor left.
The balloon is about to pop. Cover your ears...it's gonna be loud.
This was my thought! Why not Uber? I was using it half the time when I went out on my own city for a while there…. I never get rentals when I travel- haven’t since I was a kid and my
parents would get them.
Sorry, but as usual, government has caused all of today’s market disruptions. The stupid lockdown and social distancing policies have done enormous damage to all supply chains around the world.
AVIS Stock, symbol CAR, was $35.44 on the first trading day of the year 1/4/21 and is now around $83
52 Week low 9.44
In Feb, they said they sold 31% of their fleet due to pandemic to pay bills
Its a supply/demand issue
I'm not telling you to buy the stock its had quite a run up, but it now becomes execution story, can their management which is not the best have a heck of a QTR that everyone is expecting
I like Beer Stocks like Coors Symbol TAP better still as Summer reopening plays
If I need to pay $400 a day for a rental car, Im using Uber
52 Week low 9.44
In Feb, they said they sold 31% of their fleet due to pandemic to pay bills
Its a supply/demand issue
I'm not telling you to buy the stock its had quite a run up, but it now becomes execution story, can their management which is not the best have a heck of a QTR that everyone is expecting
I like Beer Stocks like Coors Symbol TAP better still as Summer reopening plays
If I need to pay $400 a day for a rental car, Im using Uber
Last edited:
As the previous poster stated they sold off half their fleet last year so they simply don’t have the vehicles . Even if you book a reservation have a back up plan . A reservation doesn’t mean Jack in the car rental world . You can’t get a car rental anywhere in the state of Florida . Also Enterprise has priority contracts with every major insurance company in the world so if you’ve had a reservation for a year and a State Farm or progressive customers car is going in the shop guess who gets the car . Also many of these companies laid off half their employees and most found way better opportunities or just don’t wanna go back so just the logistics of staffing and picking up more cars is tough . Yeah I would definitely look to Uber before trying to rent anything .
My quote was from last weekend. Let us know how it goes when you get there. Hopefully they honor your reservation.
🤣🤣🤣🤣🤣🤣🤣🤣OMG!!! These companies got hundreds of millions in government PPP money(socialist welfare money) and still had massive layoffs, sold off their fleet at a profit, are gouging consumers, and their stock is at an all time high and this is all the governments fault🤣🤣🤣🤣🤣🤣 Let these poor companies take a little of the blame before you lay all this at the feet Trump and the republicans policies.
Last edited:
If you don't have anything, you would be happy to get it. I was on a trip to our lakehouse in East Texas and my car died (alternator) in an extremely small town. I got a tow driver to tow it to Tyler, but we were stuck there in the small town. We thought "no problem" as even that small there was a Hertz and Alamo rent a car places. We go to the counter and both places tell us there is a not a rental car to be had in all of East Texas. The hurricane was going on in Houston and every available car was sent south to Houston due to the demand fleeing the city. We didn't know what to do. We were about to start calling churches asking if they could put us up for the night (even small Texas towns have a million churches). My wife thought of U-Haul and they had a huge cargo van which we happily rented and made our way to the lakehouse. Very happy to have it.
Buffett commented on it in his annual report a couple of days ago. It's worrisome and nothing drives it like shortages. These current shortages are directly related to the pandemic and some of our responses to it.
Last edited:
Companies aren't afraid to just screw you over right now and claim Force Fajure. It's rampant in the building supply business because they know its not worth bringing this shit to trial. They know better than to eff with the home centers. They could buy and sell Canfor and West Fraser combined
it's a lot easier to shut down an economy than to re-open one
good luck!
good luck!
Exactly. And we've supported "corporations over people for the last 40 years" - where the bottom line was more important than the public or even the businesses' employees. It's why we have billion dollar a year companies raking in profits while they still have employees getting government assistance in some form.
If you give a corporation money, they aren't going to use it for anything but to bolster their bottom line. They aren't going to pass it on to their workers, they aren't going to pass savings on to their customers - they just see it as free money that they can pass on to their shareholders.
Correct. All the more reason eradicate this thing to remove the threat they are using to wield the extended control over us..
This is true and rental car companies have to accept some of the responsibility here. It was their choice to sell off the fleet for short-term profits. Many industries during covid did not have that option. Would be interesting to see a tally of what kind of stimulus payments companies like Hertz, Avis, Dollar, etc received.
I don't disagree, but I don't know what responsibility there is to accept. The cost is always passed on to the consumer, in one form or another.
The company's job is to make money. They would fire their CEO if you did any less than that. That's why government intervention and anything like this always backfires and should never be done. Keep voting Democrat and you get what you vote for. And yes I know most of this happened while Trump was in office But if he hadn't done it in the Democrats and the media would have had a field day. There are no politicians that can stand up to the media scrutiny these days.
If those welfare options, snap, and increase unemployment benefits are not available those people working for the companies you so hate they will find better options until those companies have to raise their wages.
Bottom line is that the government screws up anything that gets involved in.
At its best!
If we allow the system to work then in a few months it will be back to normal.
if we force Govt and croni capitalism (aka socialism) to work then the Car Rental lobbyist and Florida theme park lobbyist will have the prices permanently high
Similar threads
