Used equipment values increased 0.5 percent in November, according to the Rouse Rental Report. Despite the increase, average index values decreased 0.9 percent for the six months ending November 30, 2012.
According to Rouse, seven out of 14 category indices recorded one-month value increases ranging from 0.3 percent for telescopic boom aerial work platforms and hi-reach forklifts to 1.8 percent for rolling compaction equipment.
Also in the report, November auction sales of rental and construction equipment tracked by Rouse averaged 1.7 percent lower than Rouse October forced liquidation values (FLV). Rouse recorded 2,465 units that sold at 22 separate auction sales conducted across North America. The units represented a combined FLV (as of Nov. 30) of $67 million and generated $65.8 million of gross auction proceeds.
Meanwhile, during September, achieved rental rates increased 0.3 percent on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates increased 7.1 percent relative to September 2011. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the ARA Rental Market Metrics standard.