According to the July 2013 Rouse Rental Report, the June OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.1% from May values. For the six months ending June 30th, 2013, average index values are up 1.6%. Six out of fourteen category indices recorded one-month value increases ranging from 0.1% for Excavators to 2.4% for Scissor Lift Aerial Work Platforms.
June auction sales of rental & construction equipment tracked by Rouse averaged 0.6% higher than Rouse May FLV values. Rouse recorded 3,049 units that sold at 30 separate auction sales conducted across North America. The units represented a combined FLV (as of May 31st) of $71.4 million and generated $71.9 million of gross auction proceeds.
During April, achieved rental rates increased 0.5% on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates are up 5.4% relative to April 2012. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the ARA Rental Market Metrics™ standard.
To read the full July 2013 Rouse Rental Report, click here.