Rental-car companies, crushed by a collapse in bookings at the onset of the Covid-19 pandemic, are now getting a lift from two unexpected sources: rising used-car prices and more people looking to travel by car.

When the new coronavirus outbreak hit the U.S. in force this spring, the rental-car industry sustained a dual blow: a steep drop-off in business as people and companies canceled travel plans and a nosedive in resale values for their fleets. The drop-off in used-car prices was particularly damaging for Hertz Global…

This post first appeared on wsj.com

You May Also Like

Iowa evangelicals feel under attack — and many don’t see Trump as their savior

DES MOINES, Iowa — When a group of 18 evangelical Christian voters…

Federal agencies told to return masks indoors despite vaccination status

WASHINGTON — The White House Office of Management and Budget has told…

After renewed interest from Murdaugh trial, body of South Carolina teen Stephen Smith exhumed

The body of a teenager was exhumed after his death received renewed…

Key takeaways from the 2023 elections: Democrats show strength beyond Biden

Tuesday’s off-year elections provided a respite for nervous Democrats who have started…