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pandemic, and now as vaccines become more widely available, we are reporting on how our local schools, businesses and communities are returning to a more "normal" future. There's never been more of a need for the kind of local, independent and unbiased journalism that The Day produces. Please support our work by subscribing today. Would you rent a car from a stranger? With rental prices sky high, car-sharing companies get a boost Eduardo Maldonado and Karen Valencia, both from Dallas, are renting a car for the weekend from Avail on May 6, 2021 in Schiller Park. (Stacey Wescott/Chicago Trib...

With rental prices sky high, car-sharing companies get a boost Rental car companies that sold hundreds of thousands of vehicles when the COVID-19 pandemic kept people home are now struggling to bring in enough new cars.     Travelers walk inside Tampa International Airport's Rental Car Center in Tampa, Florida, on March 19, 2021. Rental car companies that sold hundreds of thousands of vehicles when the COVID-19 pandemic kept people home are now struggling to bring in enough new cars. [ IVY CEBALLO/TAMPA BAY TIMES | Tampa Bay Times via ZUMA Wire ] By Lauren Zumbach Chicago Tribune (TNS...

Rental companies are buying up used cars as chip crisis deepens The car crunch is a boon for rental companies, which can probably rent out every car they own at much higher rates than they charged before the pandemic. Vehicle rental companies including Hertz, Dollar and Budget are listed on a sign at a parking garage in Arlington, Va. The semiconductor shortage has slashed vehicle production so much that rental-car companies cannot get the new cars they need, so they have resorted to buying used vehicles at auction. This is uncharted territory for the likes of Hertz and Enterprise, which have...