EquipmentWatch, the world leader in data, software and insights for the heavy equipment industry, has announced its 2nd annual list of Highest Retained Value Award winners – the industry’s only award based on residual values of heavy equipment. Top honors in each category were given to the model/series projected to retain the highest percentage of its original value after five years.
Twenty-eight awards were presented in all, recognizing winners in construction, agricultural and lift/access equipment categories. Caterpillar and John Deere tied for most awards won in 2017 with four each. Caterpillar maintains a slight all-time edge with a total of nine to Deere’s eight accumulated since the program’s inception in 2016.
Only five series continued their 2016 dominance and won again in 2017, a sign that residual values among the most popular types of equipment are very competitive. Repeat winners include Apache (self-propelled sprayers), CASE (backhoes), Gehl (small skid steer loaders), JLG (articulating boom lift) and SkyTrak (Lift Trucks – Telehandlers).
“The Highest Retained Value Award is indicative of excellence across a manufacturing organization,” said Garrett Schemmel, vice president of EquipmentWatch. “Product quality has the most obvious impact on an asset’s performance on the secondary market, but residual values are also highly impacted by brand affinity and fair original pricing. A manufacturer must excel on all three fronts to gain recognition as a Highest Retained Value Award winner.“
While the largest brands (Caterpillar, Deere, Komatsu) continued to dominate certain categories, there were a notable number of specialized manufacturers with product series that showed significantly greater retained value than their competition, such as Bomag, Challenger and Hyundai.
“For purchasers of equipment, there is perhaps no single measurement more influential in the buying decision process,” says Schemmel. “The residual value of an asset will have a significant impact on leasing terms and lifetime ownership costs. Informed buyers do well to weigh value retention heavily when considering equipment acquisition.”
To create the 2017 Highest Retained Value Awards, EquipmentWatch analysts considered 12,536 models. That list was narrowed down to 156 series from 36 brands. Once the finalists were set, residual values were calculated at the series level by leveraging a database covering more than $412B in market activity in order to identify the winner in each category. To learn more about the winning models and program methodology visit www.equipmentwatch.com/residual-value-awards.
2017 EquipmentWatch Highest Retained Value Award Winners
|Award Category||Make/Model Series|
|Backhoe Loaders||Case 580|
|Balers||New Holland BR|
|Boom Lift, Articulating||JLG A|
|Boom Lift, Telescopic||Haulotte HB|
|Combines||Case IH Axial-Flow 140|
|Dozers, Track, Large||Deere 850|
|Dozers, Track, Small||Deere 700|
|Drum Compactors||Bomag BW211|
|Electric Scissor Lifts||Custom Equipment HB|
|Excavators, Crawler, Large||Caterpillar 349|
|Excavators, Crawler, Medium||Volvo EC350|
|Excavators, Crawler, Small||Bobcat E85|
|Excavators, Compact||Volvo EC35|
|I.C. Scissor Lifts||JLG RT|
|Lift Trucks, Telehandlers||SkyTrak Telehandler|
|Lift Trucks, Warehouse/Narrow Aisle||Komatsu BX|
|Loaders, Compact Track||Kubota SVL90|
|Loaders, Skid Steer, Large||Caterpillar 262|
|Loaders, Skid Steer, Small||Gehl 4240|
|Loaders, Wheel, Large||Caterpillar 980|
|Loaders, Wheel, Medium||Komatsu WA320|
|Loaders, Wheel, Small||Hyundai HL740|
|Motor Graders||Komatsu GD655|
|Rear Dumps||Caterpillar 740|
|Sprayers, Self-Propelled||Apache AS|
|Tractors, Track||Challenger MT800|
|Tractors, Wheel, Large||Deere 8R|
|Tractors, Wheel, Small||Deere 5E|