EquipmentWatch announced the winners of the 2020 Highest Retained Value Awards (HRVA) and the 2020 Lowest Cost of Ownership Awards (LCO).
The awards cover 50 categories of construction, lift/access and agricultural equipment, and are powered by EquipmentWatch’s industry-leading database.
Lowest Cost of Ownership Awards: Outstanding OEMs in 2020’s Lowest Cost of Ownership Awards include Deere and Volvo taking the lead with three total awards each, Caterpillar with two awards, Komatsu with two awards, and Bobcat with two awards. There are 20 total categories for LCO this year.
LCO Award winners are determined by EquipmentWatch Costs analysts who looked at the most popular equipment series observed on the resale channel over a 12-month period in 2018 and 2019. Series without a model in current production in North America were removed. Only equipment series which consist of at least one model were considered.
Highest Retained Value Awards: Outstanding OEMs in 2020’s Highest Retained Value Awards include Deere and Caterpillar taking the lead with four total awards each. Across the 30 categories for HRVA, there were 24 unique OEM winners.
HRVA winners are determined by EquipmentWatch Values analysts, who looked at the most popular equipment series observed on the resale channel over a 12-month period in 2018 and 2019. Series without a model in current production were removed. Only equipment series which consist of at least one model contained in the EquipmentWatch Residual Values software were considered.
“The EquipmentWatch Awards program is the culmination of months of work by the best data analysts in the business, evaluating millions of value and cost datapoints,” explained Michael Quinlan, Jr., manager of Data Structuring. “That impartial, unbiased detail reinforces the trust our customers have come to rely on from EquipmentWatch.”
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