Construction Equipment Guide
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Tue October 10, 2017 - National Edition
EquipmentWatch, the world's leader in data, software, and insights for the heavy equipment industry, 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,” said 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 Nov. 7 and8, 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, Nov. 8 at 12 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
For more information, visit www.equipmentwatch.com.