EquipmentWatch revealed the nominees for the first annual Lowest Cost of Ownership Awards.
The Lowest Cost of Ownership Awards are 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,” said Garrett Schemmel, vice president of 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 residual values and utilization benchmarking. These products provide benchmarks and estimates spanning the economic life of more than 17,000 models across the spectrum of heavy construction equipment.
EquipmentWatch will announce 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 in Atlanta.
Dozers Track Large
Dozers Track Small
Excavator Crawler Large
Excavators Crawler Medium
Excavators Crawler Small
Loaders Compact Track
Skid Steer Loaders
Loaders Wheel Large
Loaders Wheel Medium
Loaders Wheel Small
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