Construction Equipment Consumption Down 15% in May

In May, consumption of new construction equipment decreased by 14.57% compared to May 2014, continuing a two month downward trend after 15 consecutive months of growth. Year-to-date sales are up 10.7% year-over-year compared to 2014.

Equipment consumption is now 61% of the peak May volume set in 2006 with equipment sales continuing to trend above the March 10-year average.

To view more national construction equipment sales trends, including Top Buyers and Top Lenders for May, visit EDA’s IndustryInsight page at http://edadata.com/industryinsight/construction.

The data represented here is sourced from EDA‘s market-driven insight. EDA mines transactional equipment records nationwide to delivers details on actual buyers and their purchased equipment. They provide business solutions to:

  • Guide market decisions
  • Identify qualified buyer prospects
  • Increase equipment sales, financing, product development, marketing and service opportunities
  • Monitor past sales to improve future coverage.

 

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