Orderly liquidation values for used equipment across 14 major rental categories increased 0.1 percent in November compared to the previous month, according to Rouse Asset Services. Rouse’s latest construction rental report also asserts that major rental firms increased construction equipment trade-in to dealers by 117 percent from Q309 to the third quarter of 2010. However, total third-quarter rental equipment sales, as measured by sales price, dropped 5 percent in 2010 compared to the same period a year ago.
Telescopic boomlifts had the highest increase in OLV, 7.7 percent; followed by rolling compaction equipment at 4.8 percent.
According to the Rouse report, JLG led major manufacturers in sales to the rental industry in November.
For Rouse’s complete report, visit www.rouseservices.com.