Rental Car Rates May Increase Due to Lack of Inventory

Rental Car Rates May Increase Due to Lack of Inventory

Summer is upon us and travel bans have lifted, which means that more Americans will need to rent cars. However, rental car rates may increase yet again and even worse, travelers may not even be able to rent a new car. As you can guess, the lack of inventory is to blame.

Car manufacturers are still facing chip shortages

Rental car signs featured at Terminal 1 of the Cologne Bonn Airport

Rental car signs | Horst Galuschka/picture alliance via Getty Images

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