Equipment Watch Rental Update

In Equipment Watch’s Q2 Rental Rate Report, they review trends and analyze weekly rates for the US and Canada, influenced by the latest dynamic changes in the construction equipment marketplace. Q2 Report Highlights:

  • Half of weekly rental rates went up in Q2 2021, with quarter-over-quarter increases ranging from 0.01% to 2.85%
  • Of the weekly rates that went up in Q2 2021, I.C. Pneumatic Tire Lift Trucks saw the biggest increase—continuing its rate volatility that we have seen throughout the past four quarters
  • Among the half of weekly rates that declined in Q2 2021, Standard Crawler Dozers had the biggest drop at -3.63%
  • Nine of the 14 regions tracked showed overall rate decreases compared to Q1 2021, with the region that includes Arkansas, Louisiana, Oklahoma, and Texas experiencing the biggest quarter-over-quarter drop of -1.34%