According to the latest equipment report from Rouse Services, the preliminary indications for 2018 are showing a continuation of the positive trends observed throughout most of 2017.

Thus far auction markets are indicating a sustained level of demand, which is supported by recent reports from publicly-reporting equipment manufacturers stating improved backlogs and increased lead times on account of robust demand for equipment.

Most notably, Rouse completed the tracking of Ritchie Bros.’ record-setting, six-day Orlando auction which took place from February 19-24. Although the results of this auction have not yet factored into the index values shown in The Equipment Report, a summary of the notable takeaways is presented below.

• Total Sale: On average, last week’s auction results — across all types of equipment – were 5.0% above the Rouse FLV benchmark as of January 31, 2018.
• General Construction Equipment: On average, sales of General Construction Equipment were 4.5% above the Rouse FLV benchmark as of January 31, 2018.
• This strength was led by: Telehandlers, Boom Lifts, and Light and Medium Earthmoving Equipment
• Heavy Earthmoving Equipment: On average, sales of Heavy Earthmoving equipment were 1.4% above the Rouse FLV benchmark as of January 31, 2018. The results were fairly balanced, as follows:
• Large Wheel Loaders, Excavators and Articulated Trucks outperformed Large Dozers (high usage) underperformed
• All Other Equipment: On average, sales of all other equipment were 10.1% above the Rouse FLV benchmark as of January 31, 2018.
• This strength was primarily led by Truck Tractors as well a variety of other trucks (Service Trucks, Water Trucks, Transport Trucks, etc.)