Construction Equipment Consumption up 20% in July
In July, consumption of new construction equipment increased 20.1% compared to July 2013. Additionally, in 2014 sales are up 25% year-over-year.
As a result, equipment consumption is now 48.7% of the peak July volume set in 2006. And for the first time since 2008, equipment sales are above the July 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.