Latest heavy equipment intelligence report released
The most recent EquipmentWatch INDEX report has been released. The report offers a quick peek at price, volume and age trends for a variety of equipment observed during February 2014.
The monthly INDEX is an information tool that helps fleet professionals track critical heavy equipment benchmarks. With the INDEX, fleet professionals can make knowledgeable heavy equipment decisions around price, market share and equipment age metrics.
Members of the EquipmentWatch community receive these reports regularly. Provide your email address at this site to receive the EquipmentWatch INDEX in your e-mail inbox every month.
The latest INDEX shows the following highlights that EquipmentWatch researchers observed over the past month:
–Nationwide prices increased 1.5 percent, but volume decreased 3.0 percent.
–The Southeast and Southwest both saw prices increase 3.5 percent compared to January.
–Florida auctions drove average auctions values up 11 percent compared to December prices.
According to Patrick Dogan, who is Manager, Analytics at EquipmentWatch, the latest INDEX report shows February prices rose 1.5 percent compared to January in the resale market. Also, says Dogan, “February is the biggest month of the year for the auction market, with a majority of auctions occurring in Florida.”
Dogan noted that “equipment sold at auction the Southeast in February demanded prices 11 percent higher than other auctions within the same month.”
In other news from EquipmentWatch, the new AED Green Book (retail rental rates) have been moved online to EquipmentWatch.com. Through the AED Green Book, EquipmentWatch analysts monitor more rental activity than ever before, with more than 40,000 machine-specific rates collected from all around the country.
Go here for more information on the AED Green Book online, which has newly benchmarked retail rental rates. Published since 1949, the AED Green Book provides average rental rates for construction equipment from hundreds of rental dealers nationwide. The online resource is useful for estimating job costs or making critical rent vs. buy decisions.
EquipmentWatch produces database information products for the construction equipment industry and provides heavy construction research. The data provider serves more than 15,000 professional, high-volume users of construction and lift truck data.