Reasons for global shortage of rental cars

Rentants say they are snubbed by manufacturers, in a context of vehicle forced production. This scarcity, which has doubled the prices, benefits the rental between individuals.

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This is the year or never to discover public transport in Crete, Corsica and Balearic. These highly requested island destinations this summer are the most struck by a shortage of rental cars concerning the whole world and which has increased prices at very high levels.

“Unheard of”, estimates Pierre Feisthauer, development manager at Carigami, a specialized price comparator. For reservations made in May and June for the summer holidays, the average price in France amounted to 494 euros per week: the double of 2019. “We are in a spiral which has lasted since May 2021 and which did not What to get worse. We see no reason to be positive for next year, “explains Mr. Feisthauer. In the absence of a reasonable offer and prices, reservations have halved on Carigami compared to 2019.

Among travel agents who market tailor -made circuits, the price of the car has become a criterion of major choice. “This is what will determine if the destination is financially possible, underlines Myriam Tord, adviser of the Versailles Voyages agency. We try to suggest alternatives, as in Malta, where the transport network is very good, or Go rent a car elsewhere than at the airport. “In other countries where the car is almost essential – in North America, in Iceland or even in Italy – it is no other solution than to rent a car high -end, or resign yourself. The shortage particularly strikes the islands, but no destination escapes the phenomenon.

from the resale of the fleets to the semiconductor crisis

We have to go back to March 2020 to understand the current situation. In the first months of the covid-19 pandemic, the rental companies massively reduce their car stocks, whose immobilization is expensive. After the summer of 2020, without the slightest perspective on the evolution of the pandemic and with limited cash, they place orders at least for the following year. The demand will however strongly rebound in the spring, generating first difficulties in the summer of 2021.

At the same time, on the manufacturers’ side, worsens the shortage of semiconductors, these chips manufactured mainly in Asia, where the slightest epidemic home causes the factories. The war in Ukraine, started on February 24, finished complicating the situation, since the country is home to many subcontractors and the conflict increases tension on essential metals, palladium and nickel. In the spring, the reconfirming of the Shanghai region, in China, a hub for world container charges, has disrupted the manufacturers’ supply chain.

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/Media reports.