Used equipment values and rental rates both saw small increases at the end of 2011, according to the January Rouse Construction Rental Report. Meanwhile, auction sales of rental and construction equipment were averaging significantly higher month over month.
For the month ending December 31, 2011, the Rouse Value Index of Orderly Liquidation Values (OLV) for used equipment across the 14 major rental equipment categories increased 0.1% over the previous month. For the six months ending December 31, 2011, average index values increased 5.1%, according to the January Rouse Construction Rental Report. Seven out of 14 category indices recorded one-month value increases ranging from 0.6% for articulating boom aerial work platforms to 4.5% for high-reach forklifts.
October rental rates increased 0.5% on average for the six rental companies participating in Rouse's Rental Metrics Benchmark Service, Rouse reports.
December auction sales of rental and construction equipment tracked by Rouse averaged 7.0% higher than Rouse November FLV values. Rouse recorded 3,132 units sold at 34 separate auction sales conducted across North America. The units represented a combined FLV (as of November 30) of $77 million and generated $82.4 million of gross auction proceeds.