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EquipmentWatch is the world leader in data, software and insights for the heavy equipment industry. Recently, they announced the winners of their 2019 Highest Retained Value Awards (HRVA) and the 2019 Lowest Cost of Ownership Awards (LCO).
Unveiled in Orlando alongside the AED Summit on February 4, there were a few key OEMs taking home numerous awards for their machinery.
“The goal of the EquipmentWatch awards program is not only to help equipment buyers objectively understand the best performing machines,” says Garrett Schemmel, EquipmentWatch vice president.
“[but also] to recognize manufacturers for building these higher quality, durable, and cost-friendly machines that power our industry. We’re proud to announce our 2019 award winners… which represent world-class products.”
This data corresponds with our own search data, available to all members of Machines4U. For instance, we’ve seen a rise in searches for Komatsu and Case, just to name a few.
The LCO has 15 award categories, where no award category contains more than 2 equipment series from the same manufacturer. EquipmentWatch calculates ownership costs according to standard Rental Rate Blue Book and method.
Outstanding OEMs in 2019’s Lowest Cost of Ownership Awards include: Deere (4 awards), Caterpillar (2 awards), Komatsu (2 awards), Volvo (2 awards), and Bobcat (2 awards).
The HRVA has 30 award categories. To be considered, all series must have all models still in production, and have at least 1 model contained in the EquipmentWatch Residual Values application. EquipmentWatch’s residual values are calculated according to market depreciation standards.
Outstanding OEMs in 2019’s Highest Retained Value Awards include: Caterpillar (4 awards), Deere (3 awards), Case (2 awards), and Komatsu (2 awards).
Small Tractors: John Deere 2R
Track Tractors: John Deere 8RT
Large Tractors: New Holland T7
Congratulations to all who took home EquipmentWatch Awards this year!
Read the original press release here.
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