Used Equipment, Auction Sales Decrease
Used equipment prices, notes the Rouse Rental Report, decreased 0.7 percent from January values. Now in the tenth consecutive month of decline, the February Rouse Value Index slipped to 43.6.
Softness throughout much of last year and into this year primarily is driven by weaker recoveries in auction transactions, the report states. The Rouse Value Index of 43.6 is 46.8% higher thatn the June 2009 trough, where the index hit 29.7. It remains 0.6 percent higher than the previous peak of 43.3 in April 2007.
February auction sales of rental & construction equipment tracked by Rouse averaged 4.3 percent lower than Rouse January Forced Liquidation Values (FLV) on seasonally high volume due to the large Orlando auctions. The results show a stabilizing trend, though, for typical rental equipment, which averaged only a 0.1 percent drop compared to January.
During December, achieved rental rates as measured by the Rouse Rate Index decreased 0.6% on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Physical utilization dipped 7.1 percent from November.
You can get a pdf of the report here.
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