Construction Equipment Consumption up 14% in February
In February, consumption of new construction equipment increased 14.3% compared to February 2013. Additionally, in that last 12 months sales are up 21.9% year-over-year.
As a result, equipment consumption is now 57.5% of the peak February volume set in 2005. And for the first time since 2008, equipment sales are above the February 10 year average.
To view more national construction equipment sales trends, including Top Buyers and Top Lenders for February, 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.