According to the September 2012 Rouse Rental Report, August OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.3% from July values. For the six months ending August 31st, 2012, average index values increased 1.3%. Six out of fourteen category indices recorded one-month value increases ranging from 0.4% for Generators and Rolling Compaction Equipment to 2.8% for Air Compressors.
August auction sales of rental & construction equipment tracked by Rouse averaged 0.8% lower than Rouse July FLV values. Rouse recorded 2,643 units that sold at 23 separate auction sales conducted across North America. The units represented a combined FLV (as of August 31st) of $60.2 million and generated $59.7 million of gross auction proceeds.
During June, achieved rental rates increased 1.2% on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates increased 7.5% relative to June 2011. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the ARA Rental Market Metrics™ standard.
Read the full September 2012 issue of the Rouse Rental Report.