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Genie wins 2021 EquipmentWatch awards for highest retained value, lowest cost of ownership

A Genie S 80 J telescopic boom lift on the job site
A Genie S 80 J telescopic boom lift, winner of EquipmentWatch's Highest Retained Value Award

EquipmentWatch has awarded Genie the EquipmentWatch Highest Retained Value Award for Articulating Boom Lifts, Telescopic Boom Lifts, and I.C. Scissor Lifts. Additionally, Genie also received the Lowest Cost of Ownership Award for Articulating Boom Lifts. These industry awards leverage third-party, unbiased data to identify equipment that is projected to best hold its value and/or offer the lowest cost of ownership in the next five years.

Winners in the EquipmentWatch Highest Retained Value category represent the model within its respective equipment type projected to retain the highest percentage of its original value after a five-year period, based on the EquipmentWatch market activity database.

Three Genie products received the EquipmentWatch Highest Retained Value Award:

  • Genie S telescopic boom lifts include the Genie J series family of booms lifts introduced last year — which are ideal for most everyday work-at-height jobs and offer the benefits of simplified maintenance and a low total cost of ownership — as well as the popular, heavy-lifting XC boom lifts;
  • Genie Z articulating boom lifts, which include the versatile and efficient Genie FE fuel-electric hybrid booms, as well as all-electric booms lifts; 
  • Genie scissor lifts which now include a maintenance free AC electric drive. Genie E-Drive delivers increased run time per battery charge and reduced maintenance costs.

Genie articulating boom lifts awarded lowest total cost of ownership

In addition to receiving the Highest Retained Value Award, EquipmentWatch also awarded Genie articulating boom lifts the Lowest Cost of Ownership Award. Winners in this category represents the model within its respective equipment type with the lowest five-year total cost of ownership, identified using proprietary EquipmentWatch Ownership Cost data.

EquipmentWatch award winners were announced at a press conference during the World of Concrete 2021 trade show in Las Vegas, NV.