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.

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.

Today's top stories

Des Moines Airport Works With Weitz/Turner On Expansion

ROMCO Equipment Co., SMT Acquire Bee Equipment Sales

San Francisco County Transportation Authority Bridges Retrofit Addresses Seismic Safety

Year in Review: Bobcat's Major Moments of 2024

MassDOT to Use Drones for Infrastructure Projects; Amherst Exploring New Downtown Designs

Iowa DOT's I-35 Project Includes New Bridges

JM Wood Holds December Auction in Montgomery, Alabama

DEVELON Set to Exhibit at ARA Show 2025