Rouse Report: Auction Results, Rates Increase
Reporting on July numbers, Rouse Services says auction values were up 0.8%, while used equipment values slipped very slightly, down 0.2%. Rental rates, based on analyses of May numbers, increased 0.6%.
The company provides equipment appraisals and, using proprietary data, determines retail, trade-in and auction values for each piece based on make, model, specs, and age. The company's Value Index for July results have used equipment prices decreasing to 45.7 on its scale, which is down 0.2% from the previous month. The index, which measures Orderly Liquidation Values for benchmark models across fourteen major rental categories, says prices remain 5.5% higher than the higher peak period of 43.4 in April 2007 and 53.9% higher than the trough, which bottomed at 29.7 in June 2009.
July auction sales of rental & construction equipment tracked by Rouse averaged 0.8% higher than Rouse June Forced Liquidation Values (FLV). Their data is derived from 1,943 units sold at 19 auctions and generating $50 million in gross proceeds at sales across North America. .
Rental rates and utilization increased in May, according to the company's analysis, which uses data from rental companies participating in its analytics service. Data show rates increased 0.6% from the previous month, were up 4.7% year-over-year for May and up 23% from January 2011.
Click here for a pdf of the report.
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