NEW YORK — Thanksgiving travelers who have yet to rent a car in the Northeast are out of luck: Superstorm Sandy has created a shortage.
The storm has damaged thousands of cars — including those owned by rental companies. The loss of vehicles has been compounded by rising demand. Thanksgiving and Christmas are normally busy rental periods. And lingering mass transit problems caused by Sandy have added to demand.
Existing reservations are mostly being honored, but people who still want to book for Thanksgiving are finding almost no cars left. The few cars available carry a hefty premium.
To help ease the shortage, car rental companies have driven in thousands of vehicles from elsewhere in the country. They have also kept older models that they would normally sell to used-car dealers.
They'll need every car. Thousands of people in the Northeast are still without vehicles. Some cars were flooded by surging waters and will be replaced with new ones once insurance checks are cut. Others were damaged by falling trees and debris and are in body shops.
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