Tourists rent U-Haul moving trucks in Hawaii because rental cars are too costly
The law of the market makes people do strange things
The Covid-19 crisis has completely disrupted the market, both globally and locally. For example, for several months, rental cars have been sold out in Hawaii due to a lack of tourists. But now, as business begins to pick up and restrictions are gradually lifted, the story is taking on a whole new meaning.
Eager to discover new horizons, tourists are arriving on the island in droves and rental cars are all over the place. As a result, their prices have skyrocketed. For example, the cheapest car rented in March on the island of Maui went for a whopping $722 (€600/£520) a day.
The rates are now so high that tourists are abandoning rental cars in favor of U-Haul moving trucks, which are much more attractively priced. While these large vehicles are not the most practical way to see the local biodiversity, they are a viable temporary alternative.
The main problem is that people who need to move will not have a vehicle to rent and will have to delay their decision until a moving truck becomes available.