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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.

SCOTT MAYEROWITZ, AP Business Writer