The u s car rental industry achieved overall revenues of 28 1 billion in 2021 mdash a 21 gain over the pandemic year of 2020 according to data collected by auto rental news the total represents the largest year over year revenue gain in recorded history after a precipitous fall of 27 4 in 2020 over pre pandemic 2019 which notched record.

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This has driven a windfall for the car rental industry shares of avis budget have surged more than 600 in 2021 the company recently reported sales nearly doubled from a year ago and net income.

The limit on new car availability is being felt in the used car market rental car companies which sold off about a third of their fleets last.

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Car prices reach record levels 04 42 back in the spring a shortage of computer chips that had sent auto prices soaring appeared to be finally easing some relief for consumers seemed to be in.