Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

Rental Biz Sees Small-Car Shortage

Demand for small cars on rise, as is anger at 'upgrades'

By Peter Fearon,  Newser Staff

Posted Jul 14, 2008 6:43 AM CDT

(Newser) – Rental car companies can't meet the soaring demand for more fuel-efficient small cars and are forcing irritated customers to take "upgrades" to gas-guzzlers. Rocketing gas prices are putting pressure on Hertz, Avis, and other companies to sell their luxury cars and SUVs to pay for fuel-efficient models. Bookings for economy cars at one major travel agency were up 14% while the demand for luxury cars plummeted 24%.

"Just six months ago, anybody would have taken a Chevy Trailblazer SUV in lieu of a four-cylinder Cobalt. Not now," an industry consultant told the Los Angeles Times. "That's a big deal. That's 25 years of history changing."

Hertz Chairman and CEO Mark Frissora poses with a Toyota Prius hybrid car. Hertz announced it is adding hybrid vehicles to its fleet.
Hertz Chairman and CEO Mark Frissora poses with a Toyota Prius hybrid car. Hertz announced it is adding hybrid vehicles to its fleet.   (AP Photo/Mark Lennihan)
A Suburban would have been considered an upgrade from a compact rental car a few months ago, but customers now demand more fuel efficient cars.
A Suburban would have been considered an upgrade from a compact rental car a few months ago, but customers now demand more fuel efficient cars.   (AP Photo/David Zalubowski)
The 2008 Ford Focus. Car rental companies can't meet the soaring demand for more fuel efficient cars.
The 2008 Ford Focus. Car rental companies can't meet the soaring demand for more fuel efficient cars.   (AP Photo/Carlos Osorio)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne