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The June 2015 average rate quote was down $4.85 from a year ago, according to The Tennant Group and Rate-Highway’s 50-City rate survey. Last year, a spike in recalls caused rates to increase from the third week of June and all of July, but they dropped by the last week of July.
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After Hertz Global Holdings announced a rate increase for its Hertz, Thrifty and Dollar brands in mid-May, airport rental rates increased slightly, according to The Tennant Group and Rate-Highway’s 50-City rate survey. But based on the June 5th survey, the rates have turned down again.
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After seeing a peak in July 2014, every month's rates since then have been down, according to The Tennant Group and Rate-Highway's 50-City rate survey. The average decrease from August 2014 to April 2015 was $2.92; April's $3.19 decrease was a continuation of this trend.
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According to Rate-Highway and The Tennant Group’s 50-City Survey, the average overall rates in March were down $3.36 from a year ago. Washington Dulles International Airport had the highest rate at $90.07 while San Diego International Airport marked the highest rate at $32.27.
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According to Rate-Highway and The Tennant Group’s 50-City Survey, the average overall rates in February were down $2.69 from a year ago. The Northeast continues to have the strongest rates at $60.62.
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After Hertz’s announcement of raising rates, airport rental rates increased for two consecutive weeks and then went back down the rest of January. But overall, the rates in January were only down $2.42 compared to $5.79 in December, according to Rate-Highway and The Tennant Group's 50-City Survey.
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With the help of Jim Tennant of The Tennant Group and Michael Meyer of Rate-Highway, we took a look at recent rental car quotes at the Phoenix Sky Harbor Airport (PHX) to see what effect the Super Bowl crowds had on rates.
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Although airport rates continued to decline in December, Hertz Global Holdings’ recent announcement to increase U.S. retail prices for all Hertz, Dollar and Thrifty car rentals after Jan. 1 appears to have boosted rates this past week.
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In November’s 50-city survey, rate quotes for the top 50 airports were down $3.55, the largest one-month drop since the 50-city survey started in May 2013. The Northeast had the highest average quote at $48.45.
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In October’s 50-city survey, rate quotes for the top 50 airports were down 2.2% from a year ago, the fourth consecutive month with a drop from last year. Fort Myers’ Southwest Florida International Airport (RSW) had the highest average quote in October at $68.93.
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