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EquipmentWatch Announces 2021 Highest Retained Value & Lowest Cost of Ownership Award Winners

 In Press

Deere and Caterpillar Win Multiple Awards in Each Program

Atlanta, GA and Las Vegas, NV, June 9, 2021 – EquipmentWatch, the world leader in data, software and insight for the heavy equipment industry, today announced the winners of the 2021 Highest Retained Value (HRVA) and Lowest Cost of Ownership (LCO) award programs. These are the only industry awards that leverage third-party, unbiased, data to identify equipment that is projected to best hold its value or offer the lowest cost of ownership in the next five years.

Winners were announced at a press conference during the World of Concrete 2021 trade show in Las Vegas, NV.

“The EquipmentWatch analysts are excited to mark the 6th year of the Highest Retained Value and 4th year of Lowest Cost of Ownership awards,” said Jessica Carr, Director of Data and Analytics, EquipmentWatch. “The team continues to react to market dynamics, fine-tune the analysis and expand our database. To see so many repeat winning manufacturers – in light of our deepened insight – is a testament to how well their equipment holds its value.”

Find out more about how the HRVA  or LCO winners were selected.

Highest Retained Value Award Winners

CategoryOEMFive-Year Residual Value
BalersNew Holland85.0%
CombinesJohn Deere64.3%
Corn HeadersCase IH80.6%
Self-Propelled SprayersHagie35.6%
Track TractorsCase IH54.6%
Large Wheel TractorsCase IH36.6%
Small Wheel TractorsJohn Deere66.9%
BackhoesCaterpillar56.0%
Large Track DozersCaterpillar74.8%
Small Track DozersKomatsu54.2%
Drum CompactorsCaterpillar54.4%
Compact ExcavatorsCaterpillar60.7%
Large Crawler ExcavatorsKomatsu46.3%
Medium Crawler ExcavatorsJohn Deere50.8%
Small Crawler ExcavatorsJohn Deere61.5%
Compact Track LoadersBobcat52.9%
Large Skid Steer LoadersHagie35.6%
Small Skid Steer LoadersBobcat43.5%
Large Wheel LoadersVolvo33.2%
Medium Wheel LoadersVolvo53.7%
Small Wheel LoadersCaterpillar84.3%
Motor GradersJohn Deere34.9%
Rear DumpsVolvo69.8%
Tandem Drum CompactorsCaterpillar57.0%
Articulating Boom LiftGenie57.0%
Telescopic Boom LiftGenie79.4%
Electric Scissor LiftsMEC Aerial Work Platforms73.9%
I.C. Scissor LiftsGenie50.0%
Telehandler Lift TrucksJCB85.9%
Warehouse Narrow Aisle lift TrucksToyota57.4%

Lowest Cost of Ownership Award Winners

CategoryOEMAvg. Annual Use HoursAverage MSRP
BackhoesKubota162 $36,373
Articulating Boom LiftsGenie49 $91,371
Telescopic Boom LiftsSkyjack378 $89,963
Large Track DozersJohn Deere719 $355,658
Small Track DozersKomatsu613 $218,853
Drum CompactorsHamm163 $95,474
Electric Scissor LiftsJLG38 $41,843
Compact ExcavatorsTakeuchi143 $48,359
Large Crawler ExcavatorsLink-Belt1120 $534,345
Medium Crawler ExcavatorsKobelco698 $277,369
Small Crawler ExcavatorsCaterpillar225 $202,543
Telehandler Lift TrucksSky Trak290 $82,248
Compact Track LoadersTakeuchi306 $84,545
Large Skid Steer LoadersJohn Deere431 $49,636
Small Skid Steer LoadersNew Holland424 $34,165
Large Wheel LoadersCase CE633 $339,572
Medium Wheel LoadersKomatsu890 $181,668
Small Wheel LoadersVolvo476 $132,881
Motor GradersCaterpillar620 $340,301
Rear DumpsJohn Deere1314 $662,995

About EquipmentWatch

EquipmentWatch is the trusted source for heavy equipment data and intelligence. EquipmentWatch produces the leading database information products for the construction equipment industry and is the world leader in independent, third-party heavy equipment research serving more than 15,000 professional, high-volume users of construction, ag, and lift/access data. The EquipmentWatch products are valuable tools in decisions surrounding the purchase, valuation, operation, and equipment disposal.

For more than 60 years, EquipmentWatch has served contractors, equipment manufacturers, dealers, rental companies, lenders, insurers, and government agencies involved in heavy civil construction. EquipmentWatch owns The Rental Rate Blue Book. For more information, visit www.equipmentwatch.com.

About Informa

Informa PLC is a leading international business to business information services group, operating in more than 30 countries. We create transaction-led exhibitions and content-based events, specialist data, intelligence and marketing services products, as well as scholarly research and specialist reference-led academic content. Our products and services help businesses and professionals connect, learn, do business and gain an edge over the competition. Informa is listed on the London Stock Exchange and is a member of the FTSE 100.

Media Contact:
Alphonso Crawford
EquipmentWatch
470.602.4773
alphonso.crawford@informa.com

Business Contact:
Susanna Lione
EquipmentWatch
(972) 974-7115
Susanna.Lione@informa.com

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