Used equipment values dropped 0.2% for the month ending June 30, 2012, according to the July Rouse Rental Report. Meanwhile, June auction sales of rental and construction equipment averaged 0.4% less than May values.
According to the report, the Rouse Value Index of Orderly Liquidation Values (OLV) for used equipment across the 14 major rental equipment categories decreased 0.2% compared to May values. For the six months ending June 30, 2012, average index values increased 4.9%.
June auction sales of rental and construction equipment tracked by Rouse averaged 0.4% less than Rouse May forced liquidation values (FLV). Rouse recorded 4,043 units that sold at 37 separate auction sales conducted across North America. The units represented a combined FLV (as of May 31st) of $104.8 million and generated $104.3 million of gross auction proceeds.
In other news, the Rouse Report states during April, achieved rental rates increased 1.2% on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates increased 7.9% relative to April 2011. Rouse Analytics calculates rate changed weighted by prior period activity in accordance with the ARA Rental Market Metrics standard.