The April Rouse Value Index for used equipment prices decreased to 43.2, a 0.4-percent decline from March values. The decrease marks the 12th consecutive month of declines. The April value is down 7.9 percent compared to the mid-2015 peak of 46.9, and is now below the April 2007 peak of 43.3. However, the April 2016 RVI remains 45.5 percent higher than the previous trough period of 29.7 in June 2009.
April auction sales of rental and construction equipment tracked by Rouse averaged 9.3 percent lower than Rouse March FLV values.
During February, achieved rental rates as measured by the Rouse Rate Index decreased 0.4 percent on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates are down 0.3 percent relative to February 2015 and up 25 percent relative to January 2011. February physical utilization is up 1.9 percent from December.
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