• Car Rental Rates Up, Fleet Sales Down - Correlation?

    4 monthes ago - By Auto Rental News

    Car rental rates are up - finally! (I've made this j ubilant proclamation before , only to see rates slide into a prolonged slump. So I won't get too far in front of my skis.) Nonetheless, our June rates survey of the top 50 U.S. airports shows an average $6.37 gain from June last year, after six straight months of negative comparisons. Let's be happy about that. This is in light of fleet sales to rental being down 14.8% through the first half of 2017 - the biggest six-month sales drop since the Recession. Why are fleet sales down when travel demand is strong? Based on hotel room demand...
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