A global microchip shortage has impacted car production down in the U.S., which has led to a shortage of rental cars. Here’s what that means on the cusp of the summer travel season.
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Car manufacturers are having a hard time keeping up with demand due to a global shortage of microchips. That’s making things tough on car rental companies. They sold off a quarter to a half of their fleets last year when travel crashed because of the pandemic. Now, with a summer travel rebound on the horizon, the forecast for some popular destinations is long lines and higher
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