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Penton’s EquipmentWatch Announces 1st Annual Residual Value Awards Program

December 10, 2015, 07:04 AM
Filed Under: Industry News

Penton’s EquipmentWatch, the leader in equipment values, data and intelligence for over 50 years, has launched the 1st Annual EquipmentWatch Residual Value Awards, a new industry awards program based on asset value retention. The program recognizes the model series with the highest projected future value on the resale market for each equipment type. Winners will be announced online in February 2016.

Today, EquipmentWatch is also unveiling the list of award semifinalists. John Deere, Caterpillar and Komatsu are among the 26 manufacturers of off-highway (construction, lift/access and agriculture) equipment nominated.

“EquipmentWatch is best known for fair market values (FMV) and forced liquidation values (FLV) of heavy equipment,” explains Garrett Schemmel, Managing Director, EquipmentWatch. “Residual valuation has long been a core competency of our consulting analyst team and with the industry’s largest sales database powering our valuations, we recognized that we were in a unique position to create the first set of data-driven awards that acknowledge the OEMs performing best in the secondary market.”

Important for manufacturers, finance companies and end users, market residual values are the projected value of an asset after accounting for depreciation and various market conditions. EquipmentWatch leverages an extensive database of over $700 billion in equipment transactions and the industry-leading ValueTrend Engine to estimate the residual value curves.

Residual values are predicted over a five year period, covering FMV and FLV ranges enabling users to make better decisions concerning equipment purchasing, financing and disposition. Recipients of the EquipmentWatch Residual Value Award will represent the models projected to retain their value best among the competition.

For a full listing of semifinalists by equipment type, read the full press release:
Penton’s EquipmentWatch Announces 1st Annual Residual Value Awards Program

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