Orderly liquidation values, as tracked by Rouse Asset Services, stopped dropping in April, the first time since March 2008. Values are down 16.4 percent over the past six months. Backhoe loaders ticked up a percentage point; wheel loaders continued to drop.
Values of backhoe loaders bounced a bit in April, up 1.0 percent from March. The six-month trend is still down, though, with values 18.9 percent off of November. Average selling age is holding at 59 months.