FlyerTalk Forums - View Single Post - Why in the past few weeks, are all car rental rates so high?
Old Sep 1, 2007, 12:02 am
  #5  
JohnWM
 
Join Date: Jan 2005
Location: New York, NY (USA)
Programs: hardly any
Posts: 851
The supply went down, so the price went up ...

The major automobile manufacturers recently announced that they were going to do less business (on a reduced price basis) with the rental car companies. Thus, the supply of cheap, new cars into the rental car stables is being restricted. Therefore, the price will inevitably go up.
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