EquipmentWatch Tools (BETA)

Tools are a new way to put our heavy equipment data to use. Delivering new insights and major efficiency gains, our Tools leverage the power of the EquipmentWatch API.

Decision Tools from EquipmentWatch

Getting Started

 To get started, it’s simple – identify the tool of interest and reach out to us. Tools either drive deeper insights or significantly speed up your workflow. After a short setup, you’re off.

Want to Build Your Own Tool?

Interested in building a Tool for your own organization? Using our EquipmentWatch API (off-highway) and Price Digests API (trucks and auto), it couldn’t be easier.

Now Available: Truck Data

Have trucks? We’ve got you covered. Our truck-centric Tools are powered by Price Digests, the leading truck data and valuation business (and a sister business to EquipmentWatch).

Curious to find out more about Tools and how you can use them?

We envision a near future where there’s an explosion of Tools. And for that to happen, it means that you – the EquipmentWatch community – will be directly involved in the creation of new Tools. If you have an idea for a Tool not listed here, reach out to us and we’ll partner to help you build or accept one that you’ve built. We’ll even put it into the list of Tools available to all EquipmentWatch customers.

Find Tools, Request Access

During this limited access BETA period we are granting free use of the Tools to qualified candidates.
We welcome your feedback as we work to improve and expand the EquipmentWatch Tools.

Currently, all Excel-based Tools require operation in a Windows environment. Sorry Mac fans – we’re hoping to make them compatible in the future!

Rental Decision Point

For equipment fleet managers, there’s constant organizational pressure to justify whether machine acquisition for a job should be done using owned equipment or rented equipment.

Building on the Rental Decision Point Guide, we have built a new Excel-based Tool that finally sets clear organizational standards for when machines should be internally or externally rented, based on annual utilization expectations.

Ideal for: equipment managers, rental fleet managers
Data used: ownership/operating, retail rental
Type: insights
Asset classes: earthmoving, general construction, lift/access

Format:

Built by:

EquipmentWatch

Available:

Rent vs. Use Owned, Project Planner

For construction companies, the conversation between estimation  and equipment management in the pre-construction phase can be stressing, as machine acquisition decisions are often viewed as subjective and not data-driven.

Using this Tool, equipment managers and estimators can input expected machine days on site and machine utilization hours to output an accurate machine-specific recommendation for an upcoming project.

Ideal for: equipment managers, rental fleet managers
Data used: ownership/operating, retail rental
Type: insights
Asset classes: earthmoving, general construction, lift/access

Format:

Built by:

EquipmentWatch

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Batch VIN Verification/Decoding

For those receiving thousands of commercial trucks per year as part of their organizational workflow, decoding VINs accurately is traditionally a time-intensive process often hampered by inaccurate VIN decoding solutions.

Using this Tool, those interacting with large volumes of VINs can now instantly decode thousands of commercial truck (and auto) VINs in seconds, instead of days.

Ideal for: truck software, equipment finance, insurance, auctioneers, marketplaces
Data used: VIN Verification
Type: workflow efficiency
Asset classes: trucks, auto

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Batch Serial Number Verification/Decoding

For those receiving thousands of pieces of equipment per year as part of their organizational workflow, decoding serial numbers accurately is traditionally a time-intensive process often hampered by inaccurate serial number decoding solutions.

Using this Tool, those interacting with large volumes of serial numbers can now instantly decode thousands of serial numbers in seconds, instead of days.

Ideal for: equipment managers, rental fleet managers
Data used: ownership/operating, retail rental
Type: insights
Asset classes: earthmoving, general construction, lift/access

Format:

Built by:

EquipmentWatch

Available:

Upload Mapper

For the thousands of users of the EquipmentWatch software platform, a key part of success is bringing your fleet/equipment into the system. Also, our taxonomy/model database has become a standard, used in many locations in the industry.

Using this Tool, input your equipment into the Tool and instantly have it cleaned and mapped to the EquipmentWatch model database standard.

Ideal for: any user of app.equipmentwatch.com
Data used: taxonomy/manufacturer and model database
Type: workflow efficiency
Asset classes: all

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Built by:

EquipmentWatch

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Commercial Truck Residual Values

For those in the trucking industry, including equipment finance organizations as well as truck fleet managers, a reliable standard for residual values (future values) has never existed, until now.

Using this Tool, customers will be able to easily and quickly identify highly customized commercial truck residual values, powered by the Price Digests Truck Blue Book valuation solution.

Ideal for: equipment finance
Data used: residual values
Type: insights, workflow efficiency
Asset classes: commercial truck

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Rental Intelligence, Asset Type Availability

Built for deep data mining, our new Rental Intelligence platform allows for discovery into our retail rental database, which contains nearly 20 million new data points per year.

Using this Tool, analyze rental data to discover which rental companies are renting a given asset over time.

Ideal for: construction project managers, rental fleet managers, rental market observers
Data used: retail rental
Type: insights
Asset classes: earthmoving, general construction, lift/access

Format:

Built by:

EquipmentWatch

Available:

Rental Intelligence, Rate Trends

Built for deep data mining, our new Rental Intelligence platform allows for discovery into our retail rental database, which contains nearly 20 million new data points per year.

Using this Tool, analyze rental data to discover rate trends for over 500 rental companies in North America. Easily visualize this data over time.

Ideal for: construction project managers, rental fleet managers, rental market observers
Data used: retail rental
Type: insights
Asset classes: earthmoving, general construction, lift/access

Format:

Built by:

EquipmentWatch

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Rental Profit Calculator

For rental managers at dedicated rental companies and dealerships, most metrics are focused on financial utilization, ignoring the costs of machines and their true, resulting profitability.

Using this Tool, rental managers can identify profit per utilized hour for machines in their fleet, thereby giving insights to make confident machine disposition decisions.

Ideal for: equipment managers, rental fleet managers
Data used: ownership and operating costs, retail rental
Type: insights, workflow
Asset classes: earthmoving, general construction, lift/access

Format:

Built by:

EquipmentWatch

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Dealer Trade-In Review

For dealers accepting trade-ins, they are facing ever-more prepared customers. Additionally, not knowing the history of an asset can lead to unknown costs and risks.

Using this Tool, identify accurate current market values, recent market comps, as well as identify any known sales history for that specific asset in the past 20 years.

Ideal for: auctioneers, dealer used equipment managers
Data used: market data, values
Type: insights
Asset classes: earthmoving, general construction, lift/access, ag

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Built by:

EquipmentWatch

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Used Equipment Market, Critical Trends

For equipment dealers and manufacturers, understanding macro-level trends in pricing and other trends is critical to market planning and sales success.

Using this Tool, easily identify critical trends – age, price and machine count – for a given cohort of models for sale in the used/secondary market.

Ideal for: manufacturers, dealers, parts suppliers
Data used: market data
Type: insights
Asset classes: earthmoving, general construction, lift/access, ag

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Built by:

EquipmentWatch

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Used Equipment Market, Machine Population

For equipment dealers, manufacturers and parts suppliers, understanding how many machines for a given model are available in market (the “machine population”) is a critical insight to properly plan.

Using this Tool, filter to any model to quickly understand actual number of models available in the retail market, at the point of sale, historically.

Ideal for: manufacturers, dealers, parts suppliers
Data used: market data
Type: insights
Asset classes: earthmoving, general construction, lift/access, ag

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EquipmentWatch

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Compare: Internal Rental Rates vs. Retail Rental Rates

For central equipment teams internally “renting” to jobsites, they face constant pressure to benchmark internal rental rates to “external” retail rental rates.

Using this Tool, equipment managers can quickly, easily run a comparison of their internal rates to external, quickly understanding where they are over/under, allowing for any necessary corrections.

Ideal for: equipment managers
Data used: ownership and operating costs, retail rental
Type: insights, workflow
Asset classes: earthmoving, general construction, lift/access

Format:

Built by:

EquipmentWatch

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Resale and Auction Market Data – Premium

For subscribers to app.equipmentwatch.com, they encounter a limited view of resale data – only the past 90 days – as well as data download caps (100).

Using this Tool, access all historic resale data, filter across any available attribute and download data in csv format.

Ideal for: manufacturers, dealers, parts suppliers, hedge funds, market observers
Data used: market data – auction and resale
Type: insights
Asset classes: earthmoving, general construction, lift/access, ag

Format:

Built by:

EquipmentWatch

Available:

Dealer Analytics

For those selling equipment, understanding retail metrics is critical to success.

Using this Tool, understand common retail metrics for hundreds of dealers, including average time on market, turn rate and more.

Ideal for: dealers, manufacturers, rental companies, market observers
Data used: market data – resale
Type: insights
Asset classes: earthmoving, general construction, lift/access, ag

Format:

Built by:

EquipmentWatch

Available:

Have a New Tool Idea?

We’re aiming to have a network of 100+ Tools in the near future. With that in mind, we expect to build partnered tools with your support as well as accept Tools you may have built.

Have an idea you’d like us to build for you? Click on the button below and share it.

Think you’d like to build your own Excel-based Tool for internal use or for inclusion to out Tools Marketplace here? Let’s chat. Our API docs are detailed and extensive.