The RateMonitor Elite platform provides real-time market data and analytics to optimize rates.
Rate quotes have been up each week year over year since the June 2 survey — a continuous run of 27 weeks.
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.
In September, airport rates in the southeast region were up $10.06 over last year, though Southwest rates (Houston) were up only $1.18.
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.
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.
After six straight months of negative comparisons, June airport rates were up $6.37 over last year.
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.
The comprehensive pricing solution combines Rate-Highway’s rate automation technology and the artificial intelligence capabilities that Perfect Price brings to the industry.
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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