Used Equipment Values Inch Back Up in October

Used equipment values for the month of October increased 0.3%, compared to September values, according to the November Rouse Rental Report.

For the month ending October 31, 2012, the Rouse Value Index of Orderly Liquidation Values (OLV) for used equipment across the 14 major rental equipment categories increased 0.3% compared to September values. For the six months ending October 31, 2012, average index values decreased 1.4%.

Six out of 14 category indices recorded one-month value increases ranging from 0.3% for telescopic boom aerial work platforms to 4.0% for air compressors.

Rouse also reported that October 2012 auction sales of rental & construction equipment averaged 5.4% less than Rouse September forced liquidation values (FLV). Rouse recorded 2,063 units that sold at 22 separate auction sales conducted across North America. The units represented a combined FLV (as of Oct. 31) of $45.4 million and generated $42.9 million of gross auction proceeds.

Meanwhile, August 2012 rental rates increased 0.7% relative to July 2012 for the rental companies participating in Rouse's Rental Metrics Benchmark Service. Rates increased 7.9% relative to August 2011. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the American Rental Association Rental Market Metrics standard.