Rental automobile costs and curiosity hit all-time highs for July 4th weekend

Costs and demand for rental automobiles within the first two weeks of June elevated by greater than 70% for the upcoming weekend of July 4 in comparison with the identical dates in 2019, and by greater than 300% in some places , leaving many American cities with a scarcity of rental automobiles. and lots of People with out reasonably priced choices to select from.

Whereas the 4th of July weekend is traditionally among the many hottest — and costly — weekends of the complete 12 months for renting a automobile, this 12 months has hit all-time highs, with costs rental automobiles in scorching trip spots like Kahului, Anchorage and Jackson common between $ 306 and $ 436 per day.

To assist sort out the rental automobile scarcity and guarantee People do not cancel their July 4th journey plans due to it, KAYAK, the world’s main journey search engine, works with its companion, Turo, the main car-sharing market, will supply 4 carsharing from June 22 to 23 to make use of on the weekend of July 4 in American cities the place demand is the best.

Obtainable automobiles embrace two of the brand new Corvette C8s, one Porsche Panamera and a Ford Mustang Mach-E.

“We’ve seen unprecedented US demand for rental autos this summer season and the provision isn’t maintaining,” mentioned Steve hafner, CEO of KAYAK. “However shoppers can now use KAYAK to simply examine conventional rental and automobile sharing companies to search out one of the best worth. “

In response to COVID-19, many rental corporations have diminished their fleets and are actually struggling to restart as a result of shortages within the auto trade and a surge in demand for rental autos.

Turo — and carsharing basically — is uniquely positioned to alleviate the rental automobile disaster as a result of it takes benefit of current and underutilized automobiles. It is a win-win answer for purchasers searching for automobiles to reunite with family and friends and for hosts seeking to earn additional revenue. And with KAYAK being one of many first metas to supply on-site carsharing within the US, it ensures vacationers can examine all of their choices in a single place.

The raffle might be hosted on the KAYAK web site Instagram canal from June 22 to 23 for Turo automobiles from July 2 to five. To take part, customers might want to …

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