According to the February Rouse Construction Rental Report, the cost-weighted average age of equipment owned by major rental firms increased 8.4% from 49.0 months as of Jan. 31, 2010 to 53.1 months as of Jan. 31, 2011.
Average age increased for all of the top 10 categories, including high-reach forklifts, which aged 15.9% over the period, from 47.3 months to 54.8 months. Industry average age for AWP equipment also increased significantly, with articulating booms increasing 9.1%, scissor lifts increasing 12.4%, and telescopic booms aging 9.5%. Other category average age increases ranged from 5.7% for skid-steer loaders to 9.5% for excavators.
Rouse also reports that January OLV index values for used equipment across the 14 major rental category indices tracked by the firm increased 0.7% from December values.
For the six months ending Jan. 31, 2011, average index values increased 4.8%. On relatively low acution sales volume, six of the top 14 category indices had one-month increases ranging from 0.1% for high-reach forklifts to 3.5% for wheel loaders. Six category index values remained unchanged from December, including: air compressors, AWP-scissor lifts, AWP-telescopic booms, light compaction, warehouse forklifts, and generators. For the six month period from July 2010 to January 2011, all 14 categories recorded increases ranging from 1.6% to 9.2%.