Used equipment values dropped an average of 1.1 percent for the six months ending Dec. 31, 2012, according to the January Rouse Rental Report.
December orderly liquidation values (OLV) for used equipment across the 14 major rental category indices tracked by Rouse decreased 0.4 percent from November. Three out of 14 category indices recorded one-month value increases ranging from 0.5 percent for rolling compaction equipment to 1.8 percent for generators.
In other news, the report states that December 2012 auction sales of rental and construction equipment averaged 0.5 percent less than Rouse November forced liquidation values (FLV). Rouse recorded 3,465 units that sold at 30 separate auction sales conducted across North America. The units represented a combined FLV (as of Nov. 30) of $96.4 million and generated $95.9 million of gross auction proceeds.
The report also states that during October, achieved rental rates increased 0.3 percent on average for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates increased 7.0 percent relative to October 2011. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the ARA Rental Market Metrics standard.