Penton Releases Heavy Equipment Residual Value Report
AUG 5, 2015 - 6:24 am
Penton’s EquipmentWatch, a provider of data, software and insights for the heavy equipment industry, published its first Heavy Equipment Residual Value Report this year.
The report is to be annualized and will provide benchmarks of residual values for construction, lift truck and agricultural equipment. The introductory 2015 report supplies the industry’s first source of precise, data-driven residual values. Additionally, EquipmentWatch has launched a new consultative service to provide residual values solutions for large-scale customers.
The report is included in the subscriptions of current EquipmentWatch Values subscribers, but is also purchasable by non-subscribers for $750. Residual values for construction, lift truck and agricultural equipment are estimated out to five years, and represent a percentage of current resale (FMV) and auction (FLV) value. The report also sets benchmarks and highlights the top three models by sales in 10 product categories (wheel loaders, crawler excavators, skid steers, crawler dozers, backhoes, pneumatic tire lift trucks, telescoping boom rough terrain lift trucks, balers, combines and mowers/shredders).
Brands represented in the data include Caterpillar, Deere, Komatsu, Case, Clark, Toyota, JCB, Massey Ferguson, New Holland and Kubota.
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