{"id":484555,"date":"2022-08-11T14:31:04","date_gmt":"2022-08-11T11:31:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/where-did-all-the-rental-cars-go\/"},"modified":"2022-08-11T14:31:04","modified_gmt":"2022-08-11T11:31:04","slug":"where-did-all-the-rental-cars-go","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/where-did-all-the-rental-cars-go\/","title":{"rendered":"#Where did all the rental cars go?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36ea657e2cb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36ea657e2cb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/where-did-all-the-rental-cars-go\/#%E2%80%9CWhere_did_all_the_rental_cars_go%E2%80%9D\" >&#8220;Where did all the rental cars go?&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CWhere_did_all_the_rental_cars_go%E2%80%9D\"><\/span>&#8220;Where did all the rental cars go?&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n                            Supply-chain issues are largely to blame for the Canada-wide scramble for vacation vehicles. Just don&#8217;t call it a &#8220;carpocalypse.&#8221;\n                        <\/div>\n<div>\n<div id=\"attachment_1238571\" style=\"width: 410px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"wp-image-1238571 lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/07\/CraigHirota.jpg\" alt=\"\" width=\"400\" height=\"471\"\/><\/p>\n<p class=\"wp-caption-text\">Craig Hirota is vice-president of government relations and member services for the Associated Canadian Car Rental Operators<\/p>\n<\/div>\n<p class=\"p1\"><span class=\"s1\">W<\/span><span class=\"s2\">hen stay-at-home <\/span>orders went into effect<span class=\"s3\"> two years ago, the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> industry came to a standstill. Demand for rental cars went down to virtually zero. In response, Canadian rental car operators were forced to sell off large chunks of their fleets and let staff go. Depending on the company, that may have amounted to as many as 30 to 40 per cent of their vehicles and staff. In some parts of the country, rental prices increased by a third, according to Statistics Canada. T<\/span>hese prices are in line with what it costs us to buy and maintain vehicles in 2022.<\/p>\n<p class=\"p3\"><span class=\"s4\">Canadian rental companies are dealing with the same supply-chain issues that are affecting everybody right now. There\u2019s been a shortage of semiconductors\u2014the microchips used in vehicle production\u2014since 2020, which means that, at times, our car supply has been either dramatically reduced or cut off completely. Out-of-service vehicles are taking a lot longer to get fixed because of parts delays. Operational costs are going up because we have to run vehicles a lot longer than normal. All of this is being passed on to the consumer. In <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>,<span class=\"Apple-converted-space\">\u00a0 <\/span>demand is outstripping the supply of new vehicles. This should <\/span><span class=\"s3\">sound familiar to any Canadian who\u2019s re<\/span><span class=\"s4\">cently considered purchasing a car.<\/span><\/p>\n<p class=\"p3\"><span class=\"s3\">Unfortunately, the situation is largely out of our control; the rental industry can\u2019t build its own cars. It falls on manufacturers to get back to full production. According to Cox Automotive, an industry insights group, sales of new vehicles to American rental fleets were down almost 70 per cent in June of 2022, compared to pre-pandemic levels. That\u2019s pretty close to what we\u2019re seeing in Canada, too. Automakers have always prioritized the (much larger) retail customer base over rental companies, but once things are back to normal, we\u2019d like to see more cars allocated our way.<\/span><\/p>\n<p class=\"p3\"><span class=\"s3\">There are issues beyond manufacturing. One is the same problem that all service industries are facing: finding employees. Another is the theft of catalytic converters, which has increased by multiples since the start of the pandemic. The precious metals inside this car part\u2014palladium, rhodium and platinum\u2014are more valuable than gold. Rental cars are disproportionately targeted. (People know where to find a lot of them in one spot.) As a result, Alberta and Manitoba recently introduced new regulations that require scrap yards to record information on sellers and bar cash payments. Other provinces now need to follow suit.<\/span><\/p>\n<p class=\"p3\">I find the term \u201ccarpocalypse\u201d to be sensational. Yes, rental prices are still elevated, but they\u2019re starting to come down a bit from last summer, which is a sign that supplies are slowly starting to recover. My advice for consumers is to book cars early, but continue comparison shopping afterwards. You may actually find a better selection closer to your travel date. And, because of price volatility, high no-show and cancellation numbers have led to last-minute openings.<\/p>\n<p class=\"p3\"><span class=\"s3\">There is a concern that if car costs stay this high, we\u2019ll lose some customers\u2014they\u2019ll either cancel their trips or seek out alternate transportation. But I think prices will stay above pre-pandemic rates for a while. We\u2019d like to get our fleets back to a level that can serve all the travellers we know are still out there. <\/span><\/p>\n<hr\/>\n<p><em>This is part of the Maclean\u2019s Guide to the Economy, which <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared in the September 2022 issue. Read the rest of the package, order your\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/canadianmags.ca\/products\/macleans-september-2022\">copy of the issue<\/a>, and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/secure.macleans.ca\/\">subscribe to the magazine<\/a>.\u00a0<\/em><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/canadianmags.ca\/products\/macleans-september-2022\"><img loading=\"lazy\" decoding=\"async\" data-sizes=\"auto\" class=\"aligncenter wp-image-1238850 lazyload\" src=\"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/08\/SeptemberCover-1.jpg\" alt=\"\" width=\"287\" height=\"391\"\/><\/a><\/p><\/div>\n<p><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.macleans.ca\/economy\/canadian-economy-guide-2022-rental-cars\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Where did all the rental cars go?&#8221; Supply-chain issues are largely to blame for the Canada-wide scramble for vacation vehicles. Just don&#8217;t call it a &#8220;carpocalypse.&#8221; Craig Hirota is vice-president of government relations and member services for the Associated Canadian Car Rental Operators When stay-at-home orders went into effect two years ago, the travel industry&#8230;<\/p>\n","protected":false},"author":1,"featured_media":484556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.macleans.ca\/wp-content\/uploads\/2022\/08\/ch_social-766x431.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[132264],"class_list":["post-484555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-guide-to-the-economy-2022"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/484555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=484555"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/484555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/484556"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=484555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=484555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=484555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}