Rouse: Used Equipment Values Up 7.3% from Six Months Ago
From: Rouse Asset Services
Used equipment values increased 7.3% over the six months ending Nov. 30, 2011, according to the December Rouse Rental Report. Also noted were that November auction sales of rental and construction equipment average 9.7% higher than October's values, and September rental rates increased an average of 0.9%.
According to Rouse Asset Services, November orderly liquidation values (OLV) for used equipment across the 14 major rental category indices tracked by the company increased 1.4% from October values. For the six months ending Nov. 30, 2011, average index values increased 7.3%. Ten out of 14 categories recorded one-month value increases ranging from 0.2% for wheel loaders and air compressors to 6.7% for AWP-scissor lifts.
November auction sales of rental and construction equipment tracked by Rouse averaged 9.7% higher than Rouse October values. Rouse recorded 1,479 units sold at 20 separate auction sales conducted across North America. The units represented combined forced liquidation values (as of Oct. 31, 2011) of $29.3 million and generated $32.1 million of gross auction proceeds.
As for rates, during September they increased 0.9% on average for the six rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. This is the eighth consecutive month in which rates have increased. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the ARA Rental Market Metrics standard.