Quote:
Originally Posted by markinnaples
We have a friend who buys cars for the large rental companies like Enterprise and National, who said that the shortage of computer chips is what's causing the slowing and/or shut down of new car plants. He said that the rental car companies have resorted to buying newer used cars to replace the cars they sold off during the earlier days of the pandemic and since there's little new car inventory, they have to get them somewhere. The lack of new cars and the buying of newer used cars by the rental car companies are driving up the prices of all new and used cars. Our SUV got totaled by an inattentive driver on April 1st, and we bought a used Suburban LTZ but had to pay probably $3-5K more than what it would have cost 6 months ago.
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This is very interesting. I was just in Arizona for a week and had a Hertz rental I picked up in Mesa. It was 2020 KIA Sorento with Fla. plates on it. The car had 42000 miles on it. After driving it for a few days I noticed how new and clean it was, interior was spotless ! Outside not one door ding or even a light scratch ANYWHERE , no marks on the threshold of the back hatch from loading luggage, not normal for a 42K rental car ?