The median price for an Avis car rental jumped to $68.07 in May. Getty Images Avis prices for June and July, meanwhile, have leaped to $81.59 and $94.51 a day, respectively.

Car rental rates have fallen back down to earth after skyrocketing last spring. But will the upcoming winter tourism season again launch them to unaffordable levels? Count on it, says Jonathan Wein… ...

Yet that initial spike in prices was in spring 2021 — two full years ago — so why haven’t car rental companies bought more vehicles, thereby allowing prices to moderate?

These prices are somewhat higher, but nothing like the 48% increase in rental car prices. Why have these prices remained so stubbornly high? » Learn more: 10 tips to save on your car rental ...

COPPER CRUNCH DRIVES RECORD PRICES The Wall Street analyst has been collecting daily vehicle rental prices from all of the major rental companies — Avis, Hertz and Enterprise — going back to 2015.

These prices are somewhat higher, but nothing like the 48% increase in rental car prices. Why have these prices remained so stubbornly high?