Car rental prices up nearly 50 percent in past year

Canadian Press:

Compared with a year ago, rental prices increased nearly 50 per cent on daily rates for midsize cars booked a week in advance, according to the Abrams Travel Data Rate Index, which tracks major car rental brands. The Abrams Index found an average daily rate of US$93.06 on the fourth Monday in October this year, compared to $64.56 on the same day a year earlier.

Prices were also up more than 50 per cent for a compact car booked a week in advance, with an average weekly rate of $289.14 on the fourth Monday of October, compared to $188.46 on the same day in 2008, according to the Abrams index.

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3 Comments on “Car rental prices up nearly 50 percent in past year”

  1. […] rental prices are up nearly 50 percent in […]

  2. […] the March, 2009 lows, Hertz went on to soar as high as $11.50 by August, 2009. By November, 2009, car rental prices were up about 50% over the previous year. Since then, Hertz’s stock has had a few short rallies that have not lasted long. This year, HTZ […]

  3. […] to a March, 2009 lows, Hertz went on to soar as high as $11.50 by August, 2009. By November, 2009, car let prices were adult about 50% over a prior year. Since then, Hertz’s batch has had a few brief rallies that have not lasted long. This year, HTZ […]


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