The cost of car hire rose sharply last year and has stayed high as global shortages mean rental companies have been paying more for new vehicles. Many had sold off much of their stock of cars during the pandemic as demand collapsed.
People Also Ask
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).
If you are planning to spend your entire UK holiday in London you won't need a car to get around. Even if you plan to visit major cities such as Edinburgh, Cardiff and Glasgow in the UK you won't necessarily need a car as you can easily travel around the country by train.
Renting a car can be expensive, but there are various ways to save money on your next rental. You can significantly reduce your expenses by using corporate, AAA, or university codes, renting during off-peak times and avoiding additional fees for gas and tolls.
Holidaymakers face soaring car hire costs as shortages drive up prices. The cost of renting a car in European holiday destinations has almost doubled in the past three years, and experts predict prices will remain high as global shortages mean car hire firms are paying more for new vehicles.