A quarterly recap of retail rental rate trends for the US and Canada, analyzing weekly rates across the 10 most popular equipment sub-types.
The EquipmentWatch Q4 Rental Update is available now. For most types of equipment, rates held steady, indicating that the market may be stabilizing.Here are some notable takeaways:
- I.C. Pneumatic Tire Lift Trucks saw the largest increase in weekly rental rates, which rose by 5.49%.
- Rates for Crawler Mounted Hydraulic Excavators, Standard Crawler Dozers, and Telescoping Boom Rough Terrain Lift Trucks ended the year at a lower value than they started.
- Midwest and Great Plains states continued to experience the highest rate increases.
Download the full report for more Q4 data and the outlook for 2023. As you plan for the year ahead, these insights will help guide your decision-making.