The number of car rental companies on St. John is likely to increase by 50% and the
number of rental cars will rise by 100%
That's the bottom line on an announcement from the director of the Motor Vehicle Bureau.
The St. John Source reports that Jerris Browne plans to double the current quota of 625 rental cars. Nearly half the new permits have already been spoken for by 16 current rental car companies and nine people who also want to get into the business, the Source reported.
The Motor Vehicle Bureau's Browne said the number of rental cars authorized on the island has not changed zsince 1994.
Re ntal companies have been asking for more vehicles for years. Some say they ran out of cars to rent which led to people bringing cars from St. Thomas across the Sound.
Albert Willis, owner of St. John Car Rental, was quoted saying, "I'm happy because we need to be able to provide the service for our customers.
The Inquiring Iguana says, most places, doubling the available inventory would raise the possibility prices might drop. The entry of 50% more sellers would also create competition and perhaps also lower prices. Anybody wanna bet?