As rental car operators continue to face vehicle shortages, some people are looking at different options for renting a car due to the limited availability and sky-high prices.
Peer-to-peer car rental apps are also reporting a drastic increase in demand this year among Canadians looking for short-term rentals using their subscription service, particularly in Ontario.
“The demand is up, the supply of cars is gradually recovering from being fairly scarce because of all the cancelled production during the pandemic and of course, [the] shortages of the components like semiconductors,” said David Johnston, director of the George Weston Ltd Centre for Sustainable Supply Chains at York University’s Schulich School of Business.
“So you’ve got the perfect storm here.”
Johnston said the root cause of the current car rental shortages seen in Canada and across the world is revenge travel this…