Construction Equipment Consumption up 15% in October
In October, consumption of new construction equipment increased 15.3% compared to October 2013. Additionally, in 2014 sales are up 22% year-over-year.
As a result, equipment consumption is now 58.9% of the peak October volume set in 2005. And for the first time since 2007, equipment sales are above the October 10 year average.
To view more national construction equipment sales trends, including Top Buyers and Top Lenders for October, 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.