In May, consumption of new construction equipment increased 20.2% compared to April 2013. This continues a trend of May double digit growth year-over-year since 2010. Additionally, in 2014 sales are up 20% year-over-year.
As a result, equipment consumption is now 62.3% of the peak May volume set in 2006. And for the first time since 2008, equipment sales are above the May 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.