During the peak years of the pandemic, prices for car rentals increased significantly after providers reduced fleets and supply-chain issues became headline news. Volatility continued for a few years, but price increases in the coming year are expected to moderate as supply chains recover, according to a new report from American Express Global Business Travel.
The cost of buying and operating cars also is easing, according to the travel management company’s Ground Monitor 2024-2025 report, released on Thursday (14 June). Amex GBT in the report projected rate changes for select countries in North America, Europe, Latin America, Africa and Asia-Pacific.
Car rental rate forecasts
Amex GBT expects the UK‘s car supply to fully recover by…