The June Rouse Value Index for used equipment prices increased to 45.8, up 0.1% from May values. This is 5.7% higher than the prior peak period of 43.3 in April 2007, and 54.3% 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.
June auction sales of rental and construction equipment tracked by Rouse averaged 4.4% lower than Rouse May FLV values. Rouse recorded 3,453 units that sold at 40 separate auction sales conducted across North America. The units represented a combined FLV (as of May 31st) of $88.5 million and generated $84.6 million of gross auction proceeds.
To read the full July 2014 Rouse Rental Report, click here.