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.
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.
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.
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.
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.