Penton’s EquipmentWatch launched the new monthly EquipmentWatch Market Report featuring the new Price Stability Index.

This report will track resale and auction activity each month, and follow 30 top equipment types and the top six brands across four major markets: construction, agriculture, lift/access and commercial trucks.

The new index is based on the Laspeyres Index, one of several methods for monitoring price fluctuations. The EquipmentWatch Price Stability Index will measure how efficiently used equipment markets adjust given previous changes in prices and market activity.

In addition to the Price Stability Index, this 26-page report, covering the U.S. and Canada, offers metrics that give a indication of market performance, and includes more than 1,500 distinct data points covering fair market value (FMV), forced liquidation value (FLV), volume, age and usage, as well as 28 paragraphs of insights and commentary from industry-specific analysts.

“Our data is able to provide unmatched insights into market performance, trends and forecasting,” said Garrett Schemmel, who was recently named vice president and market leader of EquipmentWatch. “This new monthly report provides equipment managers, financing and insurance professionals, dealers and analysts with invaluable and timely information that’s not available anywhere else.”