Car-sharing, the ‘Airbnb’ of vehicles, could help solve major rental shortage
Due to a shortage of rental cars, and the subsequent spike in costs, drivers in need of a vehicle for the short term are looking to an emerging alternative, car-sharing. It’s a peer-to-peer model where car owners rent out their own personal vehicles. At the start of...
Uber and Lyft don’t have enough drivers to meet surging demand
Now that vaccine rates are up, rideshare app users are starting to feel more comfortable hailing an Uber or a Lyft to get around. The only issue is that there aren’t enough drivers to meet rising customer demand, and prices are soaring as a result. In March, Uber saw...
Used car prices climbing at a faster rate than new cars due to strange trend
Prices for used cars are soaring, which may be a bummer for consumers who are in the market for a vehicle. But the unexpected trend could be a boon for automobile owners looking to trade in or sell their cars. Older cars are having a moment because of a shortage...