It Could Cost “$1,000 To Rent A Car” This Memorial Day Weekend.

People are excited about getting out of town, but the shortage of rental cars is putting a squeeze on the price of getting a reservation. Because car rentals were at a standstill last spring, companies sold the vehicles in their inventory to cover operating costs. But now, demand is exploding without any supply to fill it. Ann Mercogliano called several car rental companies and had trouble finding anything. When she did, it cost almost $1,000 for a weekend rental!