Tag: American Rental Association

Dealers

How Dealers Should Navigate the Maze of Manufacturer Partnerships

Only when disagreements crop does a dealer realize the strength of its negotiating position. By then it’s usually too late to do much more than go to a manufacturer hat-in-hand and ask for concessions.

January 4, 2021

Dealers

ARA Member Survey: Rental revenues will “significantly deteriorate” due to coronavirus

After polling its members, the American Rental Association says “rental revenues are declining and are projected to significantly deteriorate in the coming months” due to impacts from the coronavirus crisis. As of March 16, 32.92 percent of  ARA’s construction/industrial and general tool/DIY member survey respondents say they’ve been experiencing up to 15 percent revenue loss; […]

March 24, 2020

Construction Equipment

‘Superheated’ scissor lift market spurs new entrants Pettibone, LGMG. Can they succeed?

Editor’s Note: Since this article published, LiuGong has also entered the U.S. scissor lift market. You can read about that here and the Chinese manufacturer’s deepening involvement in North America here. Craig Paylor, former president of JLG, was looking to add some scissor lifts in 2018 as an additional revenue stream to his truck distribution business. […]

February 24, 2020

Dealers

PCA, ARA forecasts underline steady-as-she-goes 2020 for construction—with some cautions

The two pillars of the economy — consumer spending and labor markets — remain solid, portending at least a modest growth in 2020, says Ed Sullivan, senior vice president and chief economist, PCA. “As long as you have strength in those, the economy will remain strong and you will see continued moderate economic growth. The […]

February 20, 2020

Construction Equipment

Aerial lift OEMs, industry petition ANSI, SAIA to end appeal process, put A92 standards into effect March 1st

Aerial lift OEMs Genie and JLG Industries have joined the Association of Equipment Manufacturers and the Associated Builders and Contractors in a petition that asks for the delayed American National Standards Institute A92 standards to be published on March 1st. Others signing the petition to the Scaffold & Access Industry Association include Brent Hoover LLC, Skanska […]

February 17, 2020

Construction Equipment

New ANSI standards on aerial lifts to be delayed due to appeals

The standards affect all who operate, sell, rent, repair, manufacture or ride on telescopic and articulated boom aerial platforms and scissor lifts. More here.

November 12, 2019

Dealers

ARA: N. American construction equipment revenues will grow 5.2% in 2019

The American Rental Association expects North American rental construction equipment revenues to grow 5.2% in 2019 according to its latest forecast. More here.

November 11, 2019

Dealers

Lessons learned from Great Recession turning equipment owners into equipment users

Lessons learned from the Great Recession has made contractors pay close attention to numbers and debt, and view construction equipment as an asset. More here.

October 7, 2019

Dealers

ARA survey: Majority of contractors plan to increase equipment rentals

A new study for the rental equipment industry indicates a majority of contractors plan to increase rentals during the next year. Most contractors surveyed (93 percent) rented equipment last year, and 52 percent of them said they expected to rent more equipment over the next year. Another 40 percent expected to  rent at least as much […]

August 29, 2019

Construction Equipment

Toro’s Charles Machine Works acquisition leads to 27.9% sales boost in 3Q

Toro reports a 27.9 percent increase in net sales for the third quarter, with this year’s acquisition of Charles Machine Works driving much of that rise. Toro completed its acquisition of Charles Machine Works, parent company of such brands as Ditch Witch, American Auger and Trencor, on April 1 for $700 million. The big jump […]

August 26, 2019

Dealers

ARA rental revenue forecast down for second straight quarter, “still outpacing economy”

Although the American Rental Association reported a drop in Q2 revenue, the company continues to forecast steady growth and outpace the overall economy.

May 7, 2019

Dealers

ARA reduces rental forecast but still expects steady 4-year growth

The slower growth is attributed to the ongoing trade war with China and fading stimulus benefits from the tax cuts signed by President Trump in 2017.

February 21, 2019