I did a price comparison from a trip to Florida I did 5 years ago for one week. For the same class of car (Group E) with the same firm (Avis booked through the VS FC page) with the same time and dates (year updated obviously), it would now cost me £876 which is over 5 times what I paid back then.
Thinking what we did that week and given we stayed in the Orlando area, if we had our time again but had to pay 2021/22 prices we would simply rely on Uber etc. to get about as on balance, the cost difference back then wouldn't have been that great and could have lived with not having our own transportation.
It's a manna from heaven for those demanding we use cars less and it could be the push some need to change entrenched habits, but for those with families or planning multi-destination holidays on a fly-drive basis, it's put the price up considerably. Given the poor GBP/USD rate (which, frankly, has been poor ever since a certain vote on 23/06/2016), I imagine the cost of Florida holidays is now ridiculous compared to just a few years before.
On a serious note, I would urge people to think carefully about their itineraries and evaluate whether the likes of Uber would work out cheaper and much better value for money. Can't speak for other firms, but I know Uber have a tool on their website where you can get an estimate of how much a journey from A to B would typically cost.
I wonder if some car hire firms will hold on to cars for longer than they normally would? I could be wrong, but hire firms that have "budget" brands typically pass on cars above a certain mileage to them so that the top end brands get the new/low mileage cars.
slinky09 wrote:There's another dynamic at play here and one that unfortunately is a little longer lasting - there's a global semiconductor shortage and auto manufacturers are suffering production cuts. As a result they are concentrating sales on higher margin private buyers than rental companies which are traditionally lower value with poor residual values. So as the rentals are looking to replenish their depleted fleets, supply is constrained.
Indeed. Lead times from factories for new cars are a lot longer than they would be normally.