The April Rouse Value Index for used equipment prices increased to 45.1, up 0.6% from February values and 4.2% higher than the prior peak in April 2007.
The Rouse Value Index measures the average orderly liquidation values each month for benchmark models across fourteen major rental-equipment categories.
The March index was 52.1% higher than the prior trough in June 2009.
Orderly liquidation values for the 14 categories of used rental machines are expressed as percentages of replacement cost (average cost paid for a new unit by large rental companies and dealers) for the average age of equipment sold within that category.
Values of used telescopic-boom aerial work platforms have increased the most (8.1%) over the past six months.
Orderly liquidation values of skid steer loaders have fallen the most (-4.0%) over the past six months.