Used equipment values dropped 0.2% in January, according to Rouse Asset Services.
The February Rouse Rental Report states that January orderly liquidation values (OLV) for used equipment across the 14 major rental category indices tracked by Rouse decreased 0.2% from December values. For the six months ending January 31, 2013, average index values decreased 0.4%. Four out of 14 category indices recorded one-month value increases ranging from 0.2% for wheel loaders to 2.3% for high-reach forklifts.
Also in the report, January auction sales of rental and construction equipment tracked by Rouse averaged 3.1% lower than Rouse December forced liquidation values (FLV). Rouse recorded 1,068 units that sold at 12 auction sales conducted across North America. The units represented a combined FLV (as of Dec. 31) of $26.4 million and generated $25.5 million of gross auction proceeds.
Meanwhile, achieved rental rates increased an average of 0.5% in November for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates increased 7.0% relative to November 2011. Rouse Analytics calculates rate change weighted by prior period activity in accordance with the ARA Rental Market Metrics standard.