Construction Equipment Consumption Down 9% in June
In June, consumption of new construction equipment decreased by 9.43% compared to June 2014, continuing a three month downward trend after 15 consecutive months of growth. Year-to-date sales are up 7.9% year-over-year compared to 2014.
Equipment consumption is now 48.4% of the peak June volume set in 2006 with equipment sales continuing to trend above the June 10-year average.
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.