The September Rouse Value Index for used equipment prices increased to 46.1, up 1.1% from August values. This is 6.5% higher than the prior peak period of 43.3 in April 2007, and 55.4% higher than prior trough period of 29.7 in June 2009. The Rouse Value Index™ measures the average Orderly Liquidation Values for benchmark
models across fourteen major rental category indices on a monthly basis.
September auction sales of rental and construction equipment tracked by Rouse averaged 3.2% lower than Rouse August FLV values. Rouse recorded 2,937 units that sold at 30 separate auction sales conducted across North America. The units represented a combined FLV (as of August 30th) of $70.8 million and generated $68.5 million of gross auction proceeds.
During July, achieved rental rates as measured by the Rouse Rate Index increased 0.6% on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates are up 4.6% relative to July 2013 and up 25% relative to January 2011. July physical utilization is up 1.3% from June.
To read the full October 2014 Rouse Rental Report, click here.