Recently named among the fastest-growing trade shows in the U.S. by Trade Show Executive magazine, The Rental Show returned to Las Vegas this year, February 10 – 13, at The Sands Expo and Convention Center. The trade show portion of the event has been sold out since November of last year, with over 250,000 square feet of exhibit space.
Informative seminars on customer service, business management and leadership began on Sunday, February 10, while the exhibit floor opened Monday. IronPlanet participated as an exhibitor and experts in heavy equipment and used equipment values were on hand to speak to thousands of show attendees.
If this year’s show popularity and attendance are any indication, 2013 will be a promising year for the heavy equipment industry overall. As indicated in an IronPlanet poll in late 2012, nearly 80 percent of equipment dealers were seeing 2012 as an up year and they were expecting industry growth as high as six percent.
As rental rates became more attractive to some end users last year, who were more reluctant to commit to new capital spending, the rental market saw healthy growth. IronPlanet saw construction equipment sales from rental companies increase to 41 percent of sales – up 30 percent from 2011.
While increased rental inventories brought a modest decline in used equipment pricing last year, recent activity indicates a better market for used rental equipment in 2013. Sellers are already seeing a healthy return on their investments in the first big online sales of the year on IronPlanet.com and buyers are finding even more great deals on quality used equipment to help rotate their fleets.
Keeping up with pricing trends for a variety of different equipment is a tough job even for the most experienced fleet managers. That’s why companies increasingly turn to IronPlanet for advice on current used equipment values. Experts in numerous specialties work together to help customers make long term plans for their heavy equipment fleet investments.
