after its acquisition in April 2010, and plans to expand into continental Europe. Learn more about Zipcar’s partnership with the New York City Housing Authority, offering residents a can’t-miss opportunity to zip around town for less Skip to main. ZipCar said it's working to finalize the integration of car-sharing service Streetcar in the U.K. Thanks to the good showing, the company increased its 2011 outlook and expects revenue between $67 million and $69 million in the third quarter of 2011, putting its year-end revenue totals somewhere around $240 million. US GAAP net loss in the second quarter of 2011 was $5.6 million, or $(0.17) per basic and diluted share, compared to a loss of $5.2 million, or $(0.95) per basic and diluted share, in the same time a year ago.Revenue for Zipcar's "established markets" - Boston, New York, Washington, D.C., San Francisco - grew 25 percent year over year to $34.4 million, thanks to new members.
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Secondary reasons were the acquisition of Streetcar and modest price increases to offset higher fuel costs. There are also annual plans available for more frequent users of the service. For daily rentals, rates start at 76 per day, and monthly rentals range from 60 to 90 per month. Rates for personal rentals tend to start at 10 per hour. Revenue growth was primarily attributed to increased membership. The rates for Zipcar vary based on location and depend on the length of the rental. Usage revenue represented $53.3 million.Revenue increased 34 percent year-over-year to $61.6 million.Perhaps most interestingly, usage revenue per vehicle per day increased to $65 from $59 during the same time a year ago.
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