Penton’s EquipmentWatch published its first Heavy Equipment Residual Value Report.
The introductory 2015 report is an industry resource for data-driven residual values. Additionally, EquipmentWatch launched a new consultative service to provide residual values solutions for large-scale customers.
The report is included in the subscriptions of current EquipmentWatch Values subscribers, but is also purchasable by non-subscribers for $750. Residual values for construction, lift truck and agricultural equipment are estimated out to five years, and represent a percentage of current resale (FMV) and auction (FLV) value. The report also sets benchmarks and highlights the top three models by sales in 10 product categories (wheel loaders, crawler excavators, skid steers, crawler dozers, backhoes, pneumatic tire lift trucks, telescoping boom rough terrain lift trucks, balers, combines and mowers/shredders).
Brands represented in the data include Caterpillar, Deere, Komatsu, Case, Clark, Toyota, JCB, Massey Ferguson, New Holland and Kubota.
While the report covers 10 core equipment categories, EquipmentWatch also tracks more than 1,400 types of equipment and can create custom reports based on its proprietary database and ValueTrend Engine. The company also provides individualized consulting services throughout the industry, and publishes industry trends and reporting to its EquipmentWatch Intelligence site.