So many extraordinary developments took place last year that some trends fell under the radar. One of these — the sharp uptick in migration out of large U.S. cities — can make a significant impact on sponsors and their plans.
According to U-Haul’s special 2020 migration analysis, following President Trump’s declaration of the pandemic as a national emergency last March, the 30 most populated U.S. cities all saw more U-Haul trucks leaving than arriving over the following three months. In May 2020, one-way U-Haul truck rentals across the country surged by 72% over the previous month, and continued to rise month-over-month through August.
