Used equipment prices increased 1.6% from January values to 44.8, which is 2.8% higher than the prior peak of 43.3 in April 2007, according to the March Rouse Rental Report. February's values are 50.8% higher than the prior low point of 29.7 in June 2009.
The Rouse Value Index measures the average Orderly Liquidation Values for benchmark models across 14 major rental category indices on a monthly basis.
Also in the March report, February auction sales of rental and construction equipment tracked by Rouse averaged 5.7% higher than Rouse January forced liquidation values (FLV) values. Rouse recorded 4,904 units that sold at 15 separate auction sales conducted across North America. The units represented a combined FLV (as of January 31) of $172.5 million and generated $182.3 million of gross auction proceeds.
The report also said that rental rates decreased 0.2% on average in December for the rental companies participating in the Rouse Analytics Rental Metrics Benchmark Service. Rates are up 4.1% relative to December 2012 and up 22% relative to January 2011. December physical utilization is down 6.7% from November.