The winners of EquipmentWatch’s second annual Highest Retained Value Award were declared, with 28 categories total.
EquipmentWatch is a heavy equipment database that offers intelligence on the purchase, valuation, operation and disposal equipment. Its analysts looked at the most popular equipment series observed on the resale channel in 2016 and then removed any series that do not currently have a model in production.
Only equipment series with at least one model contained in the EquipmentWatch Residual Values application were considered. Six of the top series were chosen as finalists with no category containing more than two equipment series from the same manufacturer.
EquipmentWatch calculated the residual values by using the fair market value and forced liquidation value to determine year over year depreciation for over 12,000 models. Using a proprietary algorithm, it estimated residual values up to 84 months into the future.
The winners were the model/series that was projected to retain the highest percentage of its original value after five years.
Caterpillar and John Deere tied for the most honors in 2017 with four a piece. Caterpillar now has nine awards over John Deere’s eight since the program began in 2016.
Even though larger brands mostly dominated, certain specialized manufacturers like Bomag, Challenger, and Hyundai were able to stand out with greater retained value than their competition.
“For purchasers of equipment, there is perhaps no single measurement more influential in the buying decision process,” said Garrett Schemmel, vice president of EquipmentWatch. “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.
Only five of the series maintained their dominance from the previous year, including Apache’s self-propelled sprayers, CASE’s backhoes, Gehl’s small skid steer loaders, JLG’s articulating boom lift and SkyTrak’s telehandlers.
“The Highest Retained Value Award is indicative of excellence across a manufacturing organization,” Schemmel said. “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.”
Below is the full list of 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