The May Rouse Value Index™ for used equipment prices decreased to 46.7, down 0.4% from April values, primarily driven by weaker recoveries observed in auction transactions during the months of April and May. While there has been some softness in the first several months of 2015, the Rouse Value Index™ remains 7.9% higher than the prior peak period of 43.3 in April 2007, and 57.4% 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.
May auction sales of rental and construction equipment tracked by Rouse averaged 7.6% lower than Rouse April FLV values. Rouse recorded 3,791 units that sold at 26 separate auction sales conducted across North America. The units represented a combined FLV (as of April 30th) of $122.8 million and generated $113.5 million of gross auction proceeds.
To read the full June 2015 Rouse Rental Report, click here.