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Rate quotes have been up each week year over year since the June 2 survey — a continuous run of 27 weeks.
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In October, the deseasonalized average at $54.41 and the $8.37 year-over-year increase are the highest rates since the one-month recall shortage spike in July 2014.
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In September, airport rates in the southeast region were up $10.06 over last year, though Southwest rates (Houston) were up only $1.18.
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August airport rates were up $3.45 over last year. Hurricane Harvey’s devastation will have a major effect on the Texas vehicle rental industry, but it didn’t significantly affect rates in August.
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The Tennant Group has announced that its fall 2017 roundtable meeting will take place Sunday Oct. 1 to Tuesday Oct. 3 at the Highland Hotel in Dallas.
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July was the second month of strong year-over-year rates, up $6.48 from a year ago. The Northeast region had the highest rates with an increase of $15.17.
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After six straight months of negative comparisons, June airport rates were up $6.37 over last year.
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The most recent brand, nationwide, regional, and top 50 airport rental rate survey results will now be provided to subscribers every week for a moderate fee.
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In May, the rate quotes were down $1.44 — the sixth month in a row that rates have been down. The Northeast and Midwest regions were up $8.39 and $6.16, respectively. Boston had the highest average rate quote of $94.13.
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April 2017 rate quotes were down again, continuing a pattern of year-over-year losses in six of the last seven months. The Northeast region had the highest rate at $57.27 — $19.55 higher than the lowest Southwest average of $38.72.
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