Penton Expands EquipmentWatch INDEX

NEW YORK (Sept. 15, 2014)—Penton’s EquipmentWatch, provider of research and database information products for the heavy equipment industry, has expanded the coverage of the EquipmentWatch INDEX™, a monthly benchmarking report that tracks price, volume and age trends in the heavy equipment market, to include agriculture and truck, in addition to the existing construction equipment content.

“The EquipmentWatch INDEX is designed to help those in our industry to get an immediate sense of the status and health of equipment sales activity,” said Garrett Schemmel, director of brand management for 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.”

Key findings for August construction equipment activity include:

• Southeast prices dropped 4.9 percent compared to July on average.

• Auction volume increased by over 8.9 percent.

• The average age of resale equipment sold this month was 8.5 years.

The EquipmentWatch INDEX (free to download) is sent monthly to those who have requested it.