EquipmentWatch announced the nominees for the first annual Lowest Cost of Ownership Awards.
The Lowest Cost of Ownership Awards are the industry’s only accolade of its kind, based on empirical data regarding the long-term cost of heavy equipment. Nominees are recognized within 15 categories for model series that exhibit the lowest cost of ownership over a five year span.
“There are two superlatives the heavy equipment industry looks at when it comes to optimal purchasing decisions – residual value and total cost of ownership,” says Garrett Schemmel, vice president, EquipmentWatch. “Our Highest Retained Value Awards program addressed the former, but until now no one has provided buyers with objective, third-party information regarding true cost of ownership. As the FHWA endorsed and publicly recognized standard for ownership and operating cost data, this new award was a natural extension of our mission to help contractors make informed equipment decisions.”
Five year total cost of ownership is calculated according to established Rental Rate Blue Book calculations and methodologies, leveraging EquipmentWatch’s industry-leading residual values and utilization benchmarking. These products provide detailed benchmarks and estimates spanning the economic life of over 17,000 models across the spectrum of heavy construction equipment.
EquipmentWatch eagerly anticipates announcing the Lowest Cost of Ownership Award winners at the first annual customer conference, Traction: The Data-Driven Heavy Equipment Conference, taking place November 7-8, 2017 at the Loews Hotel in Atlanta, Ga. Traction is the heavy equipment industry’s largest gathering of thought leaders - bringing together construction companies, financial institutions, equipment dealers, and manufacturers for two transformational days that will shape the future of the industry.
The awards luncheon takes place on Wednesday, November 8 at 12:00 p.m. EST.
2017 Finalists:
- Backhoes
- Deere 310
- Kubota B26
- Deere 410
- Caterpillar 420
- Caterpillar 430
Dozers Track Large
- Komatsu D85
- Dresser TD20
- Komatsu D275
- Deere 950
- Caterpillar D7
Dozers Track Small
- Caterpillar D3
- Case 1150
- Dressta TD10
- Case 650
- Deere 850
Drum Compactors
- Sakai SV201
- Dynapac CA141
- Dynapac CA121
- Volvo SD45
- Hamm 3205
Excavators Compact
- JCB 8018
- Yanmar VIO17
- Case CX27
- Kubota KX71
- New Holland E27
Excavator Crawler Large
- Case CX700
- Link-Belt 700
- Caterpillar 374
- Komatsu PC800
- Caterpillar 390
Excavators Crawler Medium
- Doosan DX300
- Doosan DX350
- Komatsu PC290
- Volvo ECR305
- Deere 290
Excavators Crawler Small
- Caterpillar 311
- Bobcat E85
- Kubota KX080
- Caterpillar 312
- Case CX80
Loaders Compact Track
- Bobcat MT55
- Bobcat T110
- Caterpillar 257
- Caterpillar 287
- Kubota SVL75
Skid Steer Loaders
- Bobcat S70
- Caterpillar 232
- Deere 320
- Gehl 4240
- Komatsu SK714
Loaders Wheel Large
- Kawasaki 95
- Hyundai HL780
- Case 1221
- Komatsu WA480
- Deere 824
Loaders Wheel Medium
- Komatsu WA320
- Terex TL210
- Caterpillar 938
- Case 821
- Deere 624
Loaders Wheel Small
- Terex TL65
- JCB 407
- JCB 406
- Yanmar V4
- Caterpillar 907
Motor Graders
- Mauldin MG618
- Mauldin MG622
- Deere 772
- Deere 672
- Caterpillar 140
Rear Dumps
- Deere 300
- Komatsu HM300
- Caterpillar 725
- Caterpillar 730
- Komatsu HM400