EquipmentWatch released its Q1 2019 Rental Report, noting an increase in rates for all equipment types.
“The 1st quarter of 2019 saw increases in rates for all equipment types. Electric Self-Propelled Scissor Lifts were the only equipment type to see rate increases of over 2%. Crawler-Mounted Hydraulic Excavators had the second largest increase, at 1.51%. The smallest increase was seen in Telescoping Boom Rough-Terrain Lift Trucks, where the average weekly rate increased by only one dollar.
"Average weekly rates for all the top equipment types had increases from Q4 2018. Comparing average rates to this time in 2018, Compact Track Loaders, I.C. Pneumatic Tire Lift Trucks, and Electric Self Propelled Scissor Lifts have increased, while Crawler Mounted Compact Excavators and Skid Steer Loaders have decreased.