The May Rouse Value Index™ for used equipment prices increased to 45.7, up 0.5% from April values. This is 5.6% higher than the prior peak period of 43.3 in April 2007, and 54.0% 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.
During March, achieved rental rates as measured by the Rouse Rate Index™ increased 0.4% on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates are up 4.8% relative to March 2013 and up 22% relative to March 2011. March physical utilization is up 3.6% from February.
May auction sales of rental and construction equipment tracked by Rouse averaged 1.7% higher than Rouse April FLV values. Rouse recorded 2,743 units that sold at 33 separate auction sales conducted across North America. The units represented a combined FLV (as of April 30th) of $91.0 million and generated $92.5 million of gross auction proceeds.
To read the full June 2014 Rouse Rental Report, click here.