According to the August 2012 Rouse Rental Report, July OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 1.0% from June values. For the six months ending July 31st, 2012, average index values increased 3.3%. Three out of fourteen category indices recorded one-month value increases ranging from 0.4% for Loader Backhoes to 0.6% for Light Compaction Equipment.
July auction sales of rental & construction equipment tracked by Rouse averaged 4.5% lower than Rouse June FLV values. Rouse recorded 1,054 units that sold at 11 separate auction sales conducted across North America. The units represented a combined FLV (as of July 31st) of $26.8 million and generated $25.6 million of gross auction proceeds.
During May, achieved rental rates increased 0.8% on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates increased 7.8% relative to May 2011. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the ARA Rental Market Metrics™ standard.
Read the full August 2012 issue of the Rouse Rental Report.