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November rates are up $.05 over November 2015, while 12 months to November averaged a small $0.31 decrease.
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After two months of significant rate quote increases over the previous year, airport rates for October were down $0.65 or about 1.5%, almost flat year-over-year. Rates turned down for the middle two weeks in October, but they were up again the last week of the month.
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Rate Pros assists car rental companies by assigning a revenue manager to monitor and support pricing operations.
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BMW’s ReachNow carsharing service is now offering long-term rates for up to five days of rental in the Seattle area.
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Airport rates for September are up $5.48 year-over-year, the largest increase since July 2014. But the weekly rates suggest it’s not yet a guarantee that rates are on a long-term upward trend: the rates were up mid-month and then flattened out the last two weeks.
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August rate quotes showed some strength, up $2.81 or 7% from August 2015. Hertz and National had the highest weekly average rates when comparing the eight major brands.
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After comparing rental rates in 50 U.S. cities, CheapCarRental.net found that Philadelphia had the highest daily rate at $83 for August.
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After a decrease in June, July’s airport rates were down 60 cents from a year ago. Avis Budget Group and Hertz both expect flat or slightly higher pricing for the balance of 2016.
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After a small upturn in rate quotes for March, April, and May, airport rates dropped slightly (74 cents) in June. Summer rental rates may be impacted by England’s decision to leave the European Union; the euro and pound have already been weakened.
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Nearly 43 million Americans are expected to travel this Independence Day holiday weekend; an increase from the 42.3 million people who traveled last year, according to AAA Travel.
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