According to the December Rouse Rental Report, November OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.5% from October values. For the six months ending November 30th, 2012, average index values decreased 0.9%. Seven out of fourteen category indices recorded one-month value increases ranging from 0.3% for Telescopic Boom Aerial Work Platforms and Hi-Reach Forklifts to 1.8% for Rolling Compaction Equipment.
November auction sales of rental & construction equipment tracked by Rouse averaged 1.7% lower than Rouse October FLV values. Rouse recorded 2,465 units that sold at 22 separate auction sales conducted across North America. The units represented a combined FLV (as of November 30th) of $67.0 million and generated $65.8 million of gross auction proceeds.
During September, achieved rental rates increased 0.3% on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates increased 7.1% relative to September 2011. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the ARA Rental Market Metrics™ standard.
Read the full December 2012 Rouse Rental Report.