The March Rouse Value Index for used equipment prices increased to 45.1, up 0.6% from February values. This is 4.2% higher than the prior peak period of 43.3 in April 2007, and 52.1% 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.

March auction sales of rental and construction equipment tracked by Rouse averaged 5.4% higher than Rouse February FLV values. Rouse recorded 5,080 units that sold at 36 separate auction sales conducted across North America. The units represented a combined FLV (as of February 28th) of $126.4 million and generated $133.3 million of gross auction proceeds.

To read the full April 2014 Rouse Rental Report, click here.