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Tag: ARA
Dealers
ARA Member Survey: Rental revenues will âsignificantly deteriorateâ due to coronavirus
After polling its members, the American Rental Association says ârental revenues are declining and are projected to significantly deteriorate in the coming monthsâ due to impacts from the coronavirus crisis. As of March 16, 32.92 percent of  ARAâs construction/industrial and general tool/DIY member survey respondents say theyâve been experiencing up to 15 percent revenue loss; [âŚ]
March 24, 2020
Construction Equipment
âSuperheatedâ scissor lift market spurs new entrants Pettibone, LGMG. Can they succeed?
Editorâs Note: Since this article published, LiuGong has also entered the U.S. scissor lift market. You can read about that here and the Chinese manufacturerâs 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. [âŚ]
February 24, 2020
Dealers
PCA, ARA forecasts underline steady-as-she-goes 2020 for constructionâwith some cautions
The two pillars of the economy â consumer spending and labor markets â remain solid, portending at least a modest growth in 2020, says Ed Sullivan, senior vice president and chief economist, PCA. âAs long as you have strength in those, the economy will remain strong and you will see continued moderate economic growth. The [âŚ]
February 20, 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
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 [âŚ]
August 29, 2019
Dealers
ARA rental revenue forecast down for second straight quarter, âstill outpacing economyâ
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
Dealers
ARA releases strategic plan to help members, industry prosper
The American Rental Association has officially released a new industry-wide plan that will drive program initiatives over the course of the next few years.
January 16, 2019
Dealers
American Rental Association unveils new brand identity, new name for âRental Showâ
The logo update is part of an extensive branding initiative intended to carry the association forward in better serving its member. More information here!
July 2, 2018
Dealers
Business Roundup: Texas truck reman shop inspires DOT grant; EDA releases 2018 dealer-manufacturer survey report; MH Equipmentâs Evansville branch relocates; Haulotte Central America GM gets additional title
From EDA's 2018 Dealer-Manufacturer Relations Survey to a DOT grant program, don't miss a beat with Equipment World's business news from May 29-June 4.
June 4, 2018
Dealers
ARA head: âEquipment rental is one of the original sharing economiesâ
Tony Conant, CEO of the American Rental Association, shares insight on whatâs happening in the construction equipment rental industry. See what he shared here.
June 1, 2018
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