Why is car hire in France so expensive?

Car hire prices soared in 2022 after companies sold off stock during the pandemic as demand collapsed. When business returned after restrictions were lifted, companies found it hard to replace the vehicles owing to a global shortage of semiconductors.



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Rental car prices have been surging because demand is high and supply is low, both due to the coronavirus crisis and the chip shortage. To mitigate it, I should book as soon as I'm even *thinking* about traveling somewhere. I should also avoid certain locations (especially those near nature destinations).

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Why are car rentals so expensive right now in 2023? Car rentals cost more than they did a few years ago due to many different factors, but primarily because of supply chain issues related to the COVID-19 pandemic.

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Caroline Parot, chief executive of the largest listed car hire company in Europe, said prices had risen because providers could not source enough vehicles to meet demand from holidaymakers.

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Car rentals cost more than they did a few years ago due to many different factors, but primarily because of supply chain issues related to the COVID-19 pandemic. As demand for rental cars fell, rental car companies sold segments of their fleets to stay in business during the lean times.

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By contrast, the cheapest place to rent a car is Montenegro, where it is only $59.40 per week, followed by Serbia where it is $82.39, Croatia at $107.47, Bosnia and Herzegovina at $113.32 and Guatemala at $157.03. Australia ranks at number 74 with a week's worth of car hire costing $715.94.

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europcar.com's top 5 competitors in August 2023 are: sixt.com, hertz.com, rentalcars.com, autoeurope.com, and more.

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Through 2023 at least, limited vehicle availability will continue. However, most experts report some recovery on the horizon. There were finally early signs of increased allocation to rental fleet channels in fall 2022. Operators still need to be clever in how they source cars as we inch toward supply recovery, though.

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Car Rental Abroad over 75 Years of Age In most of Europe, there is no car rental age limit for drivers over the age of 65. Germany, France, Spain and the United Kingdom all have all car rental over 80 years old. In parts of Europe, Africa, Asia, and Australia there are restrictions or surcharges for senior drivers.

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