The January Rouse Value Index™ for used equipment prices did not change from December values. This remains 1.1% higher than the prior peak of 43.6 in April 2007, and 48.5% higher than prior trough 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.
January auction sales of rental & construction equipment tracked by Rouse averaged 1.1% higher than Rouse December FLV values. Rouse recorded 742 units that sold at 9 separate auction sales conducted across North America. The units represented a combined FLV (as of December 31st) of $23.2 million and generated $23.4 million of gross auction proceeds.
To read the full February 2014 Rouse Rental Report, click here.