Construction Equipment Consumption Up 7% in July
In July, consumption of new construction equipment increased by 7.1% compared to July 2014, ending a three month downward trend following 15 consecutive months of growth. Year-to-date sales are up 9.8% year-over-year compared to 2014.
Equipment consumption is now 34.7% of the peak July volume set in 2006 with equipment sales continuing to trend above the July 10-year average.
To view more national construction equipment sales trends, including Top Buyers and Top Lenders for July, 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.