According to the July 2012 Rouse Rental Report, June OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.2% from May values. For the six months ending June 30th, 2012, average index values increased 4.9%. Six out of fourteen category indices recorded one-month value increases ranging from 0.3% for Hi-Reach and Warehouse/Industrial Forklifts to 2.9% for Generators.
June auction sales of rental & construction equipment tracked by Rouse averaged 0.4% less than Rouse May FLV values. Rouse recorded 4,043 units that sold at 37 separate auction sales conducted across North America. The units represented a combined FLV (as of May 31st) of $104.8 million and generated $104.3 million of gross auction proceeds.
During April, achieved rental rates increased 1.2% on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates increased 7.9% relative to April 2011. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the ARA Rental Market Metrics™ standard.
Read the full July 2012 issue of the Rouse Rental Report.