EquipmentWatch, a world leader in data, software and insights for the heavy equipment industry, has announced the finalists for the 2nd annual Highest Retained Value Awards. The awards recognize manufacturers in 28 heavy equipment categories – spanning the construction, agriculture and lift/access manufacturing sectors – for products that show the highest retained value over the last five years.
New categories in 2017 include electric scissor lifts and internal combustion scissor lifts. John Deere leads all manufacturers with 28 nominations, followed by Caterpillar with 24 and Case (representing both the Case IH and Case Construction Equipment brands) with 18 nominations. First-time finalists include Bell, Claas, Custom Equipment, Haulotte, Kobelco, Kubota, Mayville, Takeuchi and Terex.
“The ability of an asset to hold its value throughout its service life is, in many ways, the ultimate measure of worth,” says Garrett Schemmel, vice president and market leader, EquipmentWatch. “Now in its second year, the Highest Retained Value Awards are the only industry benchmark that relies on data-driven residual values to confirm and project an asset’s value. This increases confidence in new and used equipment purchases, and ensures buyers that they’re adding a piece of equipment that has historically proven performance and value.”
Residual values are calculated according to market depreciation standards and proprietary algorithms, as well as fair market value (FMV) and forced liquidation value (FLV) records contained in EquipmentWatch Values. Analysts also examine-year-over-year depreciation for more than 12,000 models and up to 20 model years of values.
A full list of categories and finalists – as well as the methodology that determines the winners – can be viewed at: EquipmentWatch.com/residual-value-awards.
Winners will be announced Feb. 20, 2017.