Used equipment prices increased 0.1 percent in December across the 14 major rental category indices tracked by Rouse Asset Services compared with November. For the six months ending Dec. 31, average index values increased 5.1 percent. Seven out of 14 category indices recorded one-month value increases ranging from 0.6 percent for articulating boom aerial work platforms to 4.5 percent for high-reach forklifts.
December auction sales of rental and construction equipment tracked by Rouse averaged 7-percent higher than November auction values. Rouse recorded 3,132 units sold at 34 separate auction sales conducted across North America, generating $82.4 million of gross auction proceeds.
During the month of October, rental rates increased 0.5 percent on average for the six rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. This is the ninth consecutive month in which rates have increased.
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