Monthly Archives: January, 2015

Passing of Linda King

January 23rd, 2015 Posted by General Car Rental Industry 1 comment

Linda King was an attorney based in San Diego who was a great friend of the vehicle rental industry. She showed independents and licensees how to dramatically reduce their insurance costs and she acted as the claims department for many companies, including mine. She also appeared at various state  hearings on behalf of the industry on many occasions.

She was my friend and I am very sorry to hear of her passing.

Jim Tennant

Latest Rate Survey Results

January 21st, 2015 Posted by General Car Rental Industry, Rate Surveys No Comment yet

We receive rate surveys from Rate Highway every week and write a column for Auto Rental News Online every month, summarizing and analyzing the weekly rate surveys. Click here for the latest column.

Every Friday Rate Highway polls each of the eight major and a couple of secondary brands’ own web sites and the major online travel agencies, and pulls the lowest rate for a mid-size car (ICAR) for each brand for each day from 15 to 21 days out at the top 50 US airports for a two day and seven day rental. This results in approximately 6,000 individual quotes. We calculate the regional and nationwide averages, weighted by arriving passenger volume at each airport. We also calculate an average for each major brand at the top 20 airports. If you would like to discuss the methodology in more detail, please contact Jim Tennant – jim@tennantgroup.com or 707-287-1311.

After about 18 months of year over year increases, rates flattened and then declined starting in June, 2014 (with a one month spike in July caused mostly by recalls). In mid December, Hertz Global Holdings announced that they were increasing rates and we saw the year over year weekly average go from down approximately $8 per day to up $2 to $3 per day. This increase lasted two weeks. The January 9th survey was down $2.21 from a year ago and the January 16th survey was down $4.87. The next two weeks will take us to the end of January and we will report the full month in our Auto Rental News column at that time. Watch for it!

Hello from Jim Tennant

January 15th, 2015 Posted by General Car Rental Industry No Comment yet

This is our new web site, which includes blogging capability. I intend to post periodic updates on the following topics:

  • Updates from the rate survey. We do weekly rate surveys for a midsize car (ICAR) at the top 50 US airports every week and publish a monthly column in Auto Rental News’ online newsletter and more detailed looks in their print edition. Click here for the latest column.
    If we feel that a weekly survey has produced results that should be shared before the next monthly column, we will update you in a blog entitled “Rental Rates Update”.
  • Vehicle rental legal issues. We act as an expert witness and litigation consultant in many cases involving the vehicle rental industry. If we think that a case we are working on involves issues that would be of general interest to the industry, we will comment under the title of the issue, such as “Negligent Entrustment”. These comments will be subject to the confidentiality requirements of the case.
  • Tennant Group Roundtables. We chair a group of car rental business owners and GMs that share financial information and meet twice a year to exchange ideas, best practices, etc. It is the car rental equivalent to a Dealer 20 group of car dealership owners or GMs. We will keep you updated on the time and place of upcoming meetings and a summary of past meetings under the title “Tennant Group Roundtables”.
  • Car Rental Show and Auto Rental Summit.  We attend and usually participate in both of these industry events and will comment on upcoming events and report on highlights of past events from our point of view, under the titles “Car Rental Show” and “Auto Rental Summit”.
  • Other car rental industry items of interest. As they arise, we will comment on the industry happenings.