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

Backhoes		Dozers Track Large		Dozers Track Small
Deere 310		Komatsu D85		Caterpillar D3
Kubota B26		Dresser TD20		Case 1150
Deere 410		Komatsu D275		Dressta TD10
Caterpillar 420		Deere 950		Case 650
Caterpillar 430		Caterpillar D7		Deere 850
Drum Compactors		Excavators Compact		Excavator Crawler Large
Sakai SV201		JCB 8018		Case CX700
Dynapac CA141		Yanmar VIO17		Link-Belt 700
Dynapac CA121		Case CX27		Caterpillar 374
Volvo SD45		Kubota KX71		Komatsu PC800
Hamm 3205		New Holland E27		Caterpillar 390
Excavators Crawler Medium		Excavators Crawler Small		Loaders Compact Track
Doosan DX300		Caterpillar 311		Bobcat MT55
Doosan DX350		Bobcat E85		Bobcat T110
Komatsu PC290		Kubota KX080		Caterpillar 257
Volvo ECR305		Caterpillar 312		Caterpillar 287
Deere 290		Case CX80		Kubota SVL75
Skid Steer Loaders		Loaders Wheel Large		Loaders Wheel Medium
Bobcat S70		Kawasaki 95		Komatsu WA320
Caterpillar 232		Hyundai HL780		Terex TL210
Deere 320		Case 1221		Caterpillar 938
Gehl 4240		Komatsu WA480		Case 821
Komatsu SK714		Deere 824		Deere 624
Loaders Wheel Small		Motor Graders		Rear Dumps
Terex TL65		Mauldin MG618		Deere 300
JCB 407		Mauldin MG622		Komatsu HM300
JCB 406		Deere 772		Caterpillar 725
Yanmar V4		Deere 672		Caterpillar 730
Caterpillar 907		Caterpillar 140		Komatsu 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.

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