Articulating AWP Values Rose 5.7 Percent in April

The value of articulating-boom aerial work platforms rose 5.7 percent in April, and increased a total of 17.5 percent over the past six months, according to the latest Rouse Rental Report. Produced by Rouse Asset Services, Beverly Hills, Calif., the report tracks and appraises rental and construction equipment.

The report found that overall, equipment values for used equipment across 14 major rental categories rose 1.7 percent in April, compared to the previous month. Ten of the 14 categories showed value increases ranging from 1.1 percent to 5.7 percent. For the six months ending April 30, average index values increased 6.8 percent.

Articulating-boom AWPs led with a 5.7-percent increase for the month and 17.5-percent growth for the past six months. The value of telescopic-boom AWPs rose 1.5 percent in April, and rose 12.9 percent in the past half year. Scissor-lift values stayed flat in the past month, but rose 4.5 percent over the past six months. Although high-reach forklift values dropped one-tenth of a percent in April, they increased 11.2 percent over the last half year.

Analyzing rental companies’ April acquisitions, the report found that 13 percent of equipment purchased by major rental companies was high-reach forklifts, and 30 percent was aerial work platforms.

April auction sales of the rental and construction equipment that Rouse tracked averaged 7.2 percent higher than in March. The company recorded 1,605 units sold at 24 auctions across North America. The units had a combined value of $54.2 million and generated $58.1 million of gross auction proceeds.