The February Rouse Value Index for used equipment prices decreased to 43.6, down 0.7 percent from January values, the 10th consecutive month of decline, primarily driven by weaker recoveries in auction transactions. Despite recent softness the index remains higher than the previous peak period of 43.3 in April 2007, and far higher that the trough period of 29.7 in June 2009.
February auction sales of rental and construction equipment tracked by Rouse averaged 4.3 percent lower than Rouse January forced liquidation values on seasonally high volume because of large Orlando auctions.
During December, achieved rental rates as measured by the Rouse Rate Index decreased 0.6 percent on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates dropped 0.2 percent relative to December 2014 and were up 26.1 percent compared to January 2011. December physical utilization declined 7.1 percent from November.
To read the complete Rouse Rental Report, click on: http://www.rouseservices.com/RentalReport/Rouse%20Rental%20Report%20-%20March%202016.pdf
