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.