This is why it still so expensive to rent a car?

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JERRY SEINFEL: (As himself) I don’t know why we have reservations. JANET ZARISH: (On The Rental Car Agent) You do.

This was a good time for the industry. But then, the pandemic hit, and the industry started to struggle. RITCHEY: The pandemic caused a huge drop in demand for cars. People were afraid to travel, and they were staying home. This led to a significant drop in car rentals. BROWN, BYLINE: And then, the industry started to struggle with the issue of depreciation.

* **Supply chain issues have largely resolved for retail inventory.**
* **Higher interest rates continue to pose a challenge for companies.**
* **Fleet makeup has shifted, with automakers now favoring higher-end models and SUVs.**

The automotive industry is navigating a complex landscape of challenges, with recent developments impacting both consumer demand and company operations. One key area of change is the resolution of supply chain issues for retail inventory. As the global supply chain has stabilized, retailers are experiencing a more consistent flow of goods, allowing them to meet consumer demand more effectively.

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