Penton's EquipmentWatch Launches EquipmentWatch Index First of its Kind Industry Benchmark for Heavy Equipment Monthly Trends
NEW YORK, Dec. 4, 2013 /PRNewswire/ -- Penton's EquipmentWatch, the world's leader in heavy equipment research, and the leading provider of database information products for the heavy equipment industry, today launched the EquipmentWatch INDEX™, the first of its kind monthly benchmarking report that tracks price, volume and age trends in the heavy equipment market.
"The EquipmentWatch INDEX™ is designed to help industry professionals get an immediate sense of the status and health of equipment sales activity," said Garrett Schemmel, Director, Brand Management, EquipmentWatch. "In addition to price and volume trending by state, we are also benchmarking age trends for top key manufacturers. We're really excited about these benchmarks, as they don't exist anywhere else in our industry."
The "EquipmentWatch INDEX™" (free to download) is sent monthly to those who have requested it. Key findings of October vs. September activity, include:
- The Northeast saw average resale prices drop 2.1 percent, while volume increased 4.8 percent
- The average age of equipment increased in the resale market, but decreased in the auction market
- Caterpillar equipment age increased by 3.6 percent and 2.4 percent in the resale and auction markets, respectively
The reports are focused on data collected between October 1, 2013 and October 31, 2013 and analyzed in context using data drawn from EquipmentWatch's "The Last Bid"™ database of 1.4+ million records, as well as our proprietary resale activity database, with nearly 400,000 unique transactions records in October.
Industry professionals interested in accessing the new equipment auction trend report, can visit equipmentwatch.com. Enterprises interested in licenses for the Equipment Watch database or custom data analysis should contact Brian Dewey at email@example.com or 770.618.0201.
EquipmentWatch is the trusted source for heavy equipment data. EquipmentWatch produces the leading database information products for the construction equipment industry and is the world leader in heavy construction research and serves more than 15,000 professional, high-volume users of construction and lift-truck data. Our online and print products are valuable tools in decisions surrounding the purchase, valuation, operation, and disposal of equipment.
For nearly 50 years, EquipmentWatch has served contractors, equipment manufacturers, dealers, lenders and insurers, and government agencies involved in large infrastructure construction.
For millions of business owners and decision-makers, Penton makes the difference every day. We engage our professional users by providing actionable ideas and insights, data and workflow tools, community and networking, both in person and virtually, all with deep relevance to their specific industries. We then activate this engagement by connecting users with tens of thousands of targeted providers of products and services to help drive business growth. Learn more about our company at www.penton.com.
Penton is a privately held company owned by MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP.
Director, Brand Management, EquipmentWatch
Telephone: (770) 618-0394
Phone: (212) 204-4351