The November Rouse Value Index™ for used equipment prices increased to 46.9, up 0.8% from October values. This is 8.3% higher than the prior peak period of 43.3 in April 2007, and 57.9% 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.
November auction sales of rental and construction equipment tracked by Rouse averaged 0.7% lower than Rouse October FLV values. Rouse recorded 2,492 units that sold at 25 separate auction sales conducted across North America. The units represented a combined FLV (as of October 31st) of $78.4 million and generated $77.8 million of gross auction proceeds.
To read the full December Rouse Rental Report, click here.