Construction Equipment Consumption up 25% in November
In November, consumption of new construction equipment increased 24.7% compared to November 2013. Additionally, in 2014 sales are up 22.3% year-over-year.
As a result, equipment consumption is now 56.2% of the peak November volume set in 2005. And for the first time since 2007, equipment sales are above the November 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.