EquipmentWatch Introduces 1st Annual Lowest Cost of Ownership Awards

 In Press

New Data-Driven Program Recognizes Assets Based on Five Year Total Cost of Ownership

Atlanta, Ga – October 9, 2017 – EquipmentWatch, the world’s leader in data, software, and insights for the heavy equipment industry, announced the nominees for the first annual Lowest Cost of Ownership Awards.

The Lowest Cost of Ownership Awards are the industry’s only accolade of its kind, based on empirical data regarding the long-term cost of heavy equipment. Nominees are recognized within 15 categories for model series that exhibit the lowest cost of ownership over a five year span.

“There are two superlatives the heavy equipment industry looks at when it comes to optimal purchasing decisions – residual value and total cost of ownership,” says Garrett Schemmel, vice president, EquipmentWatch. “Our Highest Retained Value Awards program addressed the former, but until now no one has provided buyers with objective, third-party information regarding true cost of ownership. As the FHWA endorsed and publicly recognized standard for ownership and operating cost data, this new award was a natural extension of our mission to help contractors make informed equipment decisions.”

Five year total cost of ownership is calculated according to established Rental Rate Blue Book calculations and methodologies, leveraging EquipmentWatch’s industry-leading residual values and utilization benchmarking. These products provide detailed benchmarks and estimates spanning the economic life of over 17,000 models across the spectrum of heavy construction equipment.

EquipmentWatch eagerly anticipates announcing the Lowest Cost of Ownership Award winners at the first annual customer conference, Traction: The Data-Driven Heavy Equipment Conference, taking place November 7-8, 2017 at the Loews Hotel in Atlanta, Ga.  Traction is the heavy equipment industry’s largest gathering of thought leaders – bringing together construction companies, financial institutions, equipment dealers, and manufacturers for two transformational days that will shape the future of the industry.

The awards luncheon takes place on Wednesday, November 8 at 12:00 p.m. EST.

2017 Finalists

BackhoesDozers Track LargeDozers Track Small
Deere 310Komatsu D85Caterpillar D3
Kubota B26Dresser TD20Case 1150
Deere 410Komatsu D275Dressta TD10
Caterpillar 420Deere 950Case 650
Caterpillar 430Caterpillar D7Deere 850
Drum CompactorsExcavators Compact Excavator Crawler Large 
Sakai SV201JCB 8018Case CX700
Dynapac CA141Yanmar VIO17Link-Belt 700
Dynapac CA121Case CX27Caterpillar 374
Volvo SD45Kubota KX71Komatsu PC800
Hamm 3205New Holland E27Caterpillar 390
Excavators Crawler MediumExcavators Crawler SmallLoaders Compact Track
Doosan DX300Caterpillar 311Bobcat MT55
Doosan DX350Bobcat E85Bobcat T110
Komatsu PC290Kubota KX080Caterpillar 257
Volvo ECR305Caterpillar 312Caterpillar 287
Deere 290Case CX80Kubota SVL75
Skid Steer LoadersLoaders Wheel LargeLoaders Wheel Medium
Bobcat S70Kawasaki 95Komatsu WA320
Caterpillar 232Hyundai HL780Terex TL210
Deere 320Case 1221Caterpillar 938
Gehl 4240Komatsu WA480Case 821
Komatsu SK714Deere 824Deere 624
Loaders Wheel SmallMotor GradersRear Dumps
Terex TL65Mauldin MG618Deere 300
JCB 407Mauldin MG622Komatsu HM300
JCB 406Deere 772Caterpillar 725
Yanmar V4Deere 672Caterpillar 730
Caterpillar 907Caterpillar 140Komatsu HM400

 

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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 heavy construction research and serves more than 15,000 professional, high-volume users of construction and lift-truck data. Our 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.

About Informa
EquipmentWatch is part of Informa, the international business intelligence, academic publishing, knowledge and events group. Informa serves commercial, professional and academic communities, helping them connect and learn, and creating and providing access to content and intelligence that helps people and businesses work smarter and make better decisions faster.

Informa has over 7,500 colleagues in more than 20 countries and a presence in all major geographies. It is listed on the London Stock Exchange and is a member of the FTSE 100.

Media Contact:
Greg Lutz
Director, Marketing
(770) 618 – 0132
Greg.Lutz@penton.com