SPRINGFIELD, Mo. (KY3) – Rental car companies across the country are feeling the impact of the COVID-19 pandemic.
Joe Horton, owner of Rent-A-Wreck in Springfield, said he’s seen the impact first-hand. He said the boom in car rentals could be contributed to several reasons, however, he said it all leads back to the pandemic.
He explained that last year, companies sold off a large portion of their fleet because people weren’t traveling, so cars were sitting at airports and on lots.
With COVID-19 restrictions easing in areas across the country, including the Ozarks, Horton said travel is picking back up. He said people are looking to rent cars again, but there’s an ongoing chip shortage in the automotive industry, preventing companies from getting inventory.
“As the demand increases, they’re trying to pick up their inventory, and I’m in the same boat to a lesser degree,” explained Horton. “So we’re falling