Penton’s EquipmentWatch Announces New Monthly EquipmentWatch Market Report™ & Price Stability Index™
New monthly report tracks and analyzes market data for top equipment types across construction, agriculture, lift/access and commercial truck markets.
Atlanta, Ga – April 21, 2016 – Penton’s EquipmentWatch, the world’s leader in data, software and insights for the heavy equipment industry, has launched the new monthly EquipmentWatch Market Report™ featuring the new Price Stability Index™. This report, designed to provide the heavy equipment community with the tools and information necessary to make informed decisions around buying and selling, tracks nearly $30 billion of resale and auction activity each month, and follows 30 top equipment types and top 6 brands across four major markets: construction, agriculture, lift/access and commercial trucks.
Using the largest collection of heavy equipment data in the industry, EquipmentWatch has established a new metric for measuring price capacity—the Price Stability Index™. This new index is based on the Laspeyres Index, one of several well-regarded methods for monitoring price fluctuations. The EquipmentWatch Price Stability Index™ measures how efficiently used equipment markets adjust given previous changes in prices and market activity. Anyone with an interest in the health of the used equipment markets can use this Index to easily understand the movement of prices in a particular market or region.
In addition to the Price Stability Index™, this 26-page report, covering the US and Canada, offers metrics that give a clear indication of market performance, and includes over 1,500 distinct data points covering fair market value (FMV), forced liquidation value (FLV), volume, age and usage, as well as 28 paragraphs of insights and commentary from industry-specific analysts.
“Our data is able to provide unmatched insights into market performance, trends, and forecasting,” says Garrett Schemmel, Vice President and Market Leader, EquipmentWatch. “This new monthly report provides equipment managers, financing and insurance professionals, dealers, and analysts with invaluable and timely information that’s not available anywhere else.”
EquipmentWatch is making the first report available for free download here
http://intel.equipmentwatch.com/equipmentwatch-market-report. Subsequent editions will include a free preview and paid subscription access to the full report.
For more information on EquipmentWatch and its entire line of products and services for equipment management, sales, finance and insurance, please visit EquipmentWatch.com.
EquipmentWatch is the trusted source for heavy equipment data and intelligence. 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, rental companies, lenders and insurers, and government agencies involved in heavy civil construction.
Penton is an innovative information services company that empowers 20 million business decision makers in markets that drive more than 12 trillion dollars in purchases each year. Our products inform with rich industry insights and workflow tools; engage through dynamic events, education and networking; and advance business with powerful marketing services programs. Penton is the way smart businesses buy, sell and grow.
Headquartered in New York, Penton is privately owned by MidOcean Partners and Wasserstein & Co., LP. For more information, visit http://www.penton.com or follow us on Twitter @PentonNow.
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