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Rouse Analytics: OLVs Rise 1.3% Through May 2013

July 01, 2013, 06:58 AM
Filed Under: Rental News

May OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.8% from April values. For the six months ending May 31st, 2013, average index values are up 1.3%. Eight out of fourteen category indices recorded one-month value increases ranging from 0.5% for Dozers to 2.9% for Scissor Lift Aerial Work Platforms.

May auction sales of rental & construction equipment tracked by Rouse averaged 3.3% higher than Rouse April FLV values. Rouse recorded 2,192 units that sold at 30 separate auction sales conducted across North America. The units represented a combined FLV (as of April 30th) of $61.7 million and generated $63.8 million of gross auction proceeds.

During March, achieved rental rates increased 0.3% on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates are up 6.2% relative to March 2012. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the ARA Rental Market Metrics™ standard.

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