Construction Equipment Consumption up 22% in 2014
In 2014, consumption of new construction equipment increased 21.7% compared to 2013. Additionally, January 2015 sales are up 23.1% compared to January 2014.
As a result, equipment consumption is now 37.3% of the peak January volume set in 2006. And for the first time since 2008, equipment sales are above the January 10 year average.
To view more national construction equipment sales trends, including Top Buyers and Top Lenders for November, 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.