Construction Equipment Consumption Up 24% in April
In April, consumption of new construction equipment increased 24.2% compared to April 2013. This continues a trend of April double digit growth year-over-year since 2010. Additionally, as of Q1 2014, sales are up 17.5% compared to the same period last year.
As a result, equipment consumption is now 63% of the peak April volume set in 2006. And for the first time since 2008, equipment sales are above the April 10 year average.
To view more national construction equipment sales trends, 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.