EquipmentWatch Launches New Monthly Market Report and Price Stability Index
EquipmentWatch has launched the new monthly EquipmentWatch Market Report featuring the new Price Stability Index. The report is designed to provide the heavy equipment industry with tools and information necessary to make informed decisions around buying and selling. It tracks nearly $30 billion of resale and auction activity each month and follows 30 top equipment types and the top six brands across four major markets: construction, agriculture, lift/access and commercial trucks.
EquipmentWatch has established a new metric for measuring price capacity – the Price Stability Index. The new index is based on the Laspeyres Index, a highly-regarded method for monitoring price fluctuations. The EquipmentWatch Price Stability Index measures how efficiently used equipment markets adjust given previous changes in prices and market activity. Anyone with an interest in the health of the used equipment markets can use the index to understand the movement of prices in a particular market or region, EquipmentWatch says.
In addition to the Price Stability Index, this 26-page report, covering the United States and Canada, offers metrics that offer a clear indication of market performance and includes more than 1,500 distinct data points covering fair market value, forced liquidation value, volume, age and usage, as well as 28 paragraphs of insights and commentary from industry-specific analysts.
“Our data is able to provide unmatched insights into market performance, trends and forecasting,” said Garrett Schemmel, vice president and market leader, EquipmentWatch. “This new monthly report provides equipment managers, financing and insurance professionals, dealers and analysts with invaluable and timely information that’s not available anywhere else.”
The report can be downloaded for free at: http://intel.equipmentwatch.com/equipmentwatch-market-report. Subsequent editions will include a free preview and paid subscription access to the full report.
For more information, visit www.EquipmentWatch.com
