Rouse's orderly liquidation value (OLV) index is wholesale residual values expressed as a percentage of expected new-replacement costs for 16 categories of rental-fleet equipment.
Photo credit: Rouse Asset Services
February wholesale orderly-liquidation-value (OLV) index values from Rouse Asset Services for used equipment across the 14 major rental categories increased 3.0% from January values. For the six months ending February 28, 2011, average index values increased 7.5%. Due to significant gains in auction values, 12 of 14 categories recorded one-month index value increases, ranging from 1.4% for dozers to 10.5% for telescopic-boom aerial work platforms. The same 12 category indices showed increases from 5.9% to 15.6% for the six-month period ending February 28, 2011. Light Compaction equipment index values fell (0.5%) and Generators fell (1.2%) in February.
The six-month OLV index value for wheel loaders was up 10.2%, and backhoe loaders and skid steers had risen 8.7% and 6.3%, respectively. The high-reach forklift index rose 15.6% and scissor lifts climbed 14.5% over the past six months.