As reported in the November 23, 2013 Rouse Rental Report, ‘October Auction results up 3.1% vs. September FLV values’.
October sales of auction and rental equipment tracked by Rouse averaged 3.1% higher than Rouse September FLV values. Rouse recorded 3,326 units that sold at 35 separate auction sales conducted across North America. The units represented a combined FLV (as of September 30th) of $84.0 million and generated $86.6 million of gross auction proceeds.
A key metric for measuring performance is blended recovery for all used rental fleet sales vs. Fair Market Value (FMV or Retail). The table above illustrates sales recoveries (as a % of Rouse FMV) by equipment category for retail, auction and all sales during the previous month as well as trailing twelve months (TTM) for the major North American equipment rental companies tracked by Rouse.