Construction Equipment Consumption up 8% in March
In March, consumption of new construction equipment increased 7.8% compared to March 2014. Additionally, first quarter sales are up 18.1% year-over-year compared to Q1 2014.
As a result, equipment consumption is now 73% of the peak March volume set in 2006. And for the first time since 2008, equipment sales are above the March 10-year average.
To view more national construction equipment sales trends, including Top Buyers and Top Lenders for March, 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.