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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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There is a very large difference in car rental rates between cities, with rates in Paris (CDG) almost twice those in Dublin (DUB) and London (LHR) over the nine-month period.
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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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The 2012 Car Rental Show will be one of our biggest in years. The best yet? You be the judge.
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The overall rates across six cities — Boston, Miami, Chicago, Houston, Seattle and Los Angeles — continue to decrease as we head into the slow season.
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