Experts Warn Rental Car Prices Will Continue To Climb

The video discusses the rising costs of travel, particularly focusing on gas and rental car expenses. It highlights the impact on frequent renters and explains how supply chain issues and the pandemic have affected rental car availability. The video offers tips for saving money on rentals, such as using discounts and planning ahead.

What are some of the factors contributing to the increased cost of travel?

• Rising gas prices and rental car costs

• Lower demand for travel

• Decreased airline ticket prices

• Increased availability of rental cars

How has the pandemic affected the rental car industry?

• It has made rental cars more fuel-efficient

• It has caused a decrease in rental car prices

• It has led to an oversupply of rental cars

• It has resulted in supply chain issues and a chip shortage

What strategy are some rental car companies using to meet demand?

• Offering more luxury vehicles

• Increasing rental prices significantly

• Buying used cars for the first time

• Reducing the number of cars in their fleet

What is one way to potentially lower the cost of a rental car?

• Renting from a less popular location

• Choosing a luxury vehicle

• Using coupons and discount codes

• Booking at the last minute

When is it recommended to start searching for rental cars to get the best deals?

• One week before the trip

• Four to six weeks for economy cars

• Two weeks before the trip

• The day of the trip