EquipmentWatch Announces First Highest Retained Value Award Winners
Atlanta, Ga – March 23, 2016 – Penton’s EquipmentWatch, the world’s leader in data, software and insights for the heavy equipment industry, has announced the winners of the first Highest Retained Value Awards. The awards recognize manufacturers in 26 different heavy equipment categories across the construction, agriculture and lift/access industries for products that show the highest residual value over the last five years.
“Retained value is one of the most powerful measures of quality, performance and longevity for a piece of heavy equipment,” says Garrett Schemmel, vice president & market leader, EquipmentWatch. “A high retained value generally shows that a machine has been successful at the work demanded of it, has presented minimal maintenance issues over its service life, and still presents a high value to buyers on the resale market. Each of these machines represents quality and gives buyers confidence in their investment on both the new equipment and equipment resale/auction markets.”
The EquipmentWatch Highest Retained Value Awards are powered by the world’s largest sales transaction database of equipment valuations – it adds nearly $20 billion in equipment transactions each month across both the dealer (private) and auction (public) disposition channels. Using this data, the five most popular products in each category from the previous year are identified. Then, using the proprietary ValueTrend Engine™, a custom-built values calculation platform, EquipmentWatch compares their five year estimated values, and the series with the highest cumulative estimated value retained over that time is declared the winner.
“Manufacturers can be proud of each machine series that has won, as it represents their commitment to produce and support quality products that stand the test of time in these demanding applications,” adds Schemmel.
Backhoe Loaders: CASE Construction Equipment 580
Balers: John Deere 569
Boom Lift, Articulating: JLG E300 Series
Boom Lift, Telescopic: Genie S-40
Combines: New Holland CR9000
Dozers, Track, Large (>190 HP): Komatsu D65 Series
Dozers, Track, Small (1 – 189 HP): Caterpillar D5 Series
Drum Compactors: Volvo SD45 Series
Excavators, Crawler, Large (>50 metric tons): Komatsu PC600 Series
Excavators, Crawler, Medium (21-50 metric tons): Caterpillar 330 Series LN
Excavators, Crawler, Small (6.1-21 metric tons): Caterpillar 312 Series
Lift Trucks/Telehandlers: Sky Trak Telehandlers
Lift Trucks – Warehouse/Narrow Aisle: Toyota 8F Series
Loaders, Compact Track: Bobcat T550 Series
Loaders, Skid Steer, Large (>1,351 pounds): Bobcat S600 Series
Loaders, Skid Steer, Small (1-1,350 pounds): Gehl 4240 Series
Loaders, Wheel, Large (>350 HP): Volvo L220 Series
Loaders, Wheel, Medium (135-349 HP): Volvo L90 Series
Loaders, Wheel, Small (1-134 HP): Deere 444 Series
Motor Graders: Caterpillar 160 Series
Rear Dumps: Caterpillar 725 Series
Scissor Lift: Skyjack 4600 Series
Sprayers, Self-Propelled: Apache AS1000 Series
Tractors, Track: Deere 8RT Series
Tractors, Wheel, Large (>175 HP): Deere 8R Series
Tractors, Wheel, Small: CASE IH MX135 Series
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 heavy construction research and serves more than 15,000 professional, high-volume users of construction and lift-truck data. Our online and print products are valuable tools in decisions surrounding the purchase, valuation, operation, and disposal of equipment.
For nearly 50 years, EquipmentWatch has served contractors, equipment manufacturers, dealers, rental companies, lenders and insurers, and government agencies involved in heavy civil construction.
Penton is an innovative information services company that empowers 20 million business decision makers in markets that drive more than 12 trillion dollars in purchases each year. Our products inform with rich industry insights and workflow tools; engage through dynamic events, education and networking; and advance business with powerful marketing services programs. Penton is the way smart businesses buy, sell and grow.
Headquartered in New York, Penton is privately owned by MidOcean Partners and Wasserstein & Co., LP. For more information, visit http://www.penton.com or follow us on Twitter @PentonNow.