The July Rouse Value Index for used equipment prices decreased to 45.7, down 1.5% from June values, primarily driven by weaker recoveries observed in auction transactions for the three months ending July 2015.

While there has been some softness into the second half of 2015, the Rouse Value Index remains 5.5% higher than the prior peak period of 43.3 in April 2007, and 53.9% 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.

July auction sales of rental and construction equipment tracked by Rouse averaged 9.4% lower than Rouse June FLV values. In the month of July, Rouse recorded 3,811 units that sold at 24 separate auction sales conducted across North America. The units represented a combined FLV (as of June 30th) of $77.8 million and generated $70.5 million of gross auction proceeds. The year-to-date total is 3.5% below Rouse FLV values, reflective of the recent four months of declining auction values (YTD FLV $779.6 million, gross auction proceeds $752.3 million).

To read the full August 2015 Rouse Rental Report, click here.