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In the six-city car rental rate analysis by The Tennant Group and Rate-Highway, four of the cities were down compared to 2011, while Boston and Chicago were up. Chicago's rates showed the most strength.
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With the exception of Chicago, rates dropped an average of $9.84 for the five other cities in the survey: Boston, Miami, Houston, Seattle and Los Angeles.
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In spite of a promising spring, summer rates continue to disappoint. The six-city average July monthly rate quotes were again down from the same period last year.
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In the car rental rate 6 City Average looking at Boston, Miami, Chicago, Houston, Seattle and Los Angeles, Rate-Highway and The Tennant Group look at a drop off in rates compared to 2011 average rates in those cities.
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Compared to May of last year, car rental rates in the U.S. dropped by almost $2 on average in the six major cities included in the survey. Rates last month were also down compared to April 2012.
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Average rate quotes at six major locations in April increased in the second and third weeks but fell back below $40 in the fourth week.
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A look at individual cities shows that Miami accounted for virtually all the fluctuation.
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Rates climbed steadily through January, reaching $47.76 on Jan. 27. February rates remained at January levels, finishing the month with an average of $45.36.
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Auto rental rates in all six airports in our rate survey trended upward from late December through January, from a 22% increase at LAX to a 107% increase at MIA.
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Among the six cities in the rate analysis that Auto Rental News publishes monthly with the help of the The Tennant Group, Miami saw a huge spike in early- to mid-December auto rental rates.
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