Snorkel receives Highest Retained Value Award for third time
The winning equipment has an average age in the market of 13.47 years and retained the highest percentage of its original value after a five-year period
Snorkel's TB Series of 80 ft. (24.3m) and 86 ft. (26.2m) telescopic boom lifts has achieved the EquipmentWatch Highest Retained Value award for the third consecutive year.
Calculated over a 12-month period in 2018 and 2019, the Snorkel TB80 and TB86J telescopic boom lifts were deemed to have the highest retained value within the telescopic boom category by EquipmentWatch. With an average age in the market of 13.47 years, these models are projected to retain the highest percentage of its original value after a five-year period.
Winning the Highest Retained Value Award for the third time, the Snorkel TB series is among 24 unique OEM winners within its category. The annual awards are based on EquipmentWatch market activity database covering 50 categories of construction, access and agricultural equipment.
Designed to be reliable and robust, the Snorkel TB80 and TB86J telescopic boom lifts are built in the USA at Snorkel's manufacturing facility in Elwood, Kansas. With a focus on simplicity, the diesel-powered rough terrain Snorkel TB80 and TB86J models are proven to deliver a long working life and a low total cost of ownership.
Of receiving the award for the third time, Matthew Elvin, Snorkel CEO, said, "We are honored to receive this highly regarded EquipmentWatch award for three consecutive years. This supports our focus on designing simple, reliable and robust products that deliver low total ownership costs and ultimately are a great return on investment."