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Rouse Rental Report: OLV’s, Auction Sales & Rental Rates Continue Upward Trend

March 01, 2012, 07:30 AM
Filed Under: Equipment News

The February edition of the Rouse Rental Report indicates improved metrics in three important areas: OLV Values, auction sale results, and rental rates across fourteen major rental categories tracked by Rouse.
January OLV Values Increase 0.6%

January OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.6% from December values. For the six months ending January 31, 2012, average index values increased 4.4%. Nine out of fourteen category indices recorded one-month value increases ranging from 0.1% for Warehouse/Industrial Forklifts to 2.7% for Telescopic Boom Aerial Work Platforms.

January Auction Results Up 3.6% over December FLV Values on Lower Sales Volume

January auction sales of rental & construction equipment tracked by Rouse averaged 3.6% higher than Rouse December FLV values. Typically, there is very little equipment sold at auction in January. Rouse recorded 449 units that sold at 7 separate auction sales conducted across North America. The units represented a combined FLV (as of December 31) of $14 million and generated $14.5 million of gross auction proceeds, which was significantly less than total sales volume in December ($82.4 million).

November Rental Rates Increase 0.4%

During November, achieved rental rates increased 0.4% on average for the six rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. This is the 10th consecutive month in which rates have increased. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the ARA Rental Market Metrics standard.

To read the full Rouse Rental Report, click here.

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