Prices Keep Dropping; What's going on?
Feb 10, 2012, 11:22 am
#1
Original Poster
Join Date: Oct 2006
Programs: AA Lifetime Gold (1.8M), CO Silver (2011)
Posts: 127
Prices Keep Dropping; What's going on?
I booked a car at SFO 4 weeks out. Every time I went back to the Thrifty web site, the price had dropped a few dollars. I bring up my reservation, change the car type to the same type and get the lower price! My Ford Fusion has dropped from $45/day to $24/day. Last summer I rebooked a Ford Escape two days before my trip and saved 40% from my original booking of a month earlier.
This is bizzare...but great for me.
So when using Thrifty, check the rates again before your trip!
Is the market for travel so bad that they are desperate to rent their cars and just keep lowering the prices until they do? Or is this something that is common in the industry?
This is bizzare...but great for me.
So when using Thrifty, check the rates again before your trip! Is the market for travel so bad that they are desperate to rent their cars and just keep lowering the prices until they do? Or is this something that is common in the industry?
Feb 10, 2012, 4:22 pm
#2
Join Date: Oct 2007
Programs: AGR, PC, HH no status as I stopped paying for travel
Posts: 1,454
Economics 101 at work.
Because supply exceeds demand prices tend to drop.
During periods of high demand prices will increase.
This is exactly how a free market economy should work.
Capitalism in action.
Because supply exceeds demand prices tend to drop.
During periods of high demand prices will increase.
This is exactly how a free market economy should work.
Capitalism in action.
Feb 11, 2012, 8:57 pm
#3
Join Date: Jan 2011
Location: Seattle
Programs: Costco Club
Posts: 1,155
And I just paid $1,600 for a class to tell me with over the course of 4 months.
Feb 13, 2012, 7:15 am
#4
FlyerTalk Evangelist
Join Date: Oct 2009
Location: ATL Lost Luggage
Programs: Kettle with Kryptonium Medallion Tags
Posts: 10,296
Five or six weeks ago, I booked a car for this coming weekend, for four days at a $9.20/day base rate.
Epo57's post prompted me to recheck and, sure enough, the base rate dropped to $9.00... so I rebooked. My "Estimated Grand Total" dropped from $76.20 to $75.20, so now I can tip the shuttle driver another buck!
Epo57's post prompted me to recheck and, sure enough, the base rate dropped to $9.00... so I rebooked. My "Estimated Grand Total" dropped from $76.20 to $75.20, so now I can tip the shuttle driver another buck!
Feb 21, 2012, 8:07 am
#5
Join Date: Feb 2000
Location: Menlo Park, CA, USA
Programs: UA 1MM 0P, AA, DL, *wood, Lifetime FPC Plat., IHG, HHD
Posts: 6,912
I have seen this happening as well, with a rental I originally started through AUTOSLASH (I don't work for or have any ownership in this company).. but they continue to check and rebook rates for the renter, which means I don't have to. Consistently, the rate has continued to drop the past week daily, and sometimes twice a day.