Finalists for EquipmentWatch’s Highest Retained Value Awards include manufacturers in 28 heavy equipment categories.
This year, John Deere leads all manufacturers with 28 nominations, followed by Caterpillar with 24, and Case (including 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 here.
Winners will be announced February 20, 2017.