EquipmentWatch has announced the winners of the 2018 Highest Retained Value Awards - the industry's only award based on residual values of heavy equipment. Awards in each category were given to the model/series projected to retain the highest percentage of its original value after a five-year period based on the comprehensive EquipmentWatch market activity database.
Thirty awards were presented in total and announced in Las Vegas alongside the first-day kickoff of World of Concrete. The awards program, in its 3rd consecutive year, recognizes winners in construction, agricultural and lift/access equipment categories. Two new categories were introduced in 2018 - corn headers in the agricultural sector and tandem compactors in the construction sector. Manufacturers taking home multiple awards in 2018 include John Deere (4 awards), Caterpillar (3 awards), Volvo (2 awards), Komatsu (2 awards), CASE IH (2 awards), CASE Construction Equipment (2 awards), and Bomag (2 awards).
"Retained value is one of the primary indicators of overall performance and reliability for any piece of heavy equipment," says Garrett Schemmel, vice president of EquipmentWatch. "We are proud to announce our 2018 winners—each of which represents a world-class product. Models that have received our Highest Retained Value Award should inspire buyer confidence in both new and resale equipment markets."
In order to determine the nominees for the 2018 Highest Retained Value Awards, EquipmentWatch analysts considered more than 12,000 models with up to 20 model years of values. To see a full list of this year's winners, and to learn more about each model series and the program methodology, visit www.equipmentwatch.com/residual-value-awards.
