EquipmentWatch Introduces 1st Annual Lowest Cost of Ownership Awards

ATLANTA, Oct. 10, 2017 /PRNewswire/ -- 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," says 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 November 7-8, 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, November 8 at 12:00 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

About EquipmentWatch
EquipmentWatch is the trusted source for heavy equipment data and intelligence. EquipmentWatch produces the leading database information products for the construction equipment industry and is the world leader in heavy construction research and serves more than 15,000 professional, high-volume users of construction and lift-truck data. Our products are valuable tools in decisions surrounding the purchase, valuation, operation, and disposal of equipment.

For nearly 50 years, EquipmentWatch has served contractors, equipment manufacturers, dealers, rental companies, lenders and insurers, and government agencies involved in heavy civil construction.

About Informa
EquipmentWatch is part of Informa, the international business intelligence, academic publishing, knowledge and events group. Informa serves commercial, professional and academic communities, helping them connect and learn, and creating and providing access to content and intelligence that helps people and businesses work smarter and make better decisions faster.

Informa has over 7,500 colleagues in more than 20 countries and a presence in all major geographies. It is listed on the London Stock Exchange and is a member of the FTSE 100.

Media Contact:
Greg Lutz
Director, Marketing
(770) 618 - 0132
Greg.Lutz@penton.com

View original content with multimedia:http://www.prnewswire.com/news-releases/equipmentwatch-introduces-1st-annual-lowest-cost-of-ownership-awards-300533742.html

SOURCE EquipmentWatch