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Rental car companies are turning to used car auctions to regrow fleets amid a massive shortage sending prices skyrocketing

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The massive rental-car shortage is causing vehicle rental companies to turn to car auctions in order to regrow fleet sizes amid rising demands.

Travel is projected to boom this summer as the COVID-19 vaccine rollout and pent-up demand for travel continues to grow tangentially. As a result, car rental companies like Enterprise and Hertz previously told Insider that they have begun seeing strong demand for rental cars through the summertime.

However, this skyrocketing interest in rental cars — combined with decreased fleet sizes after several companies had to sell off chunks of their fleets in read more ⇒

Source:: BusinessInsider.Com

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