According to the latest Rouse Rental Report, September OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.2% from August values. For the six months ending September 30th, 2012, average index values do not show a change. Six out of fourteen category indices recorded one-month value increases ranging from 0.8% for Scissor Lift Aerial Work Platforms to 2.5% for Generators and High Reach Forklifts.
September auction sales of rental & construction equipment tracked by Rouse averaged 6.8% lower than Rouse August FLV values. Rouse recorded 3,747 units that sold at 28 separate auction sales conducted across North America. The units represented a combined FLV (as of September 30th) of $106.3 million and generated $99.1 million of gross auction proceeds.
During July, achieved rental rates increased 1.1% on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates increased 8.4% relative to July 2011. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the ARA Rental Market Metrics™ standard.
Read the full October 2012 issue of the Rouse Rental Report.