EquipmentWatch announced the winners of the 2021 Highest Retained Value (HRVA) and Lowest Cost of Ownership (LCO) award programs recently. These are the only industry awards that leverage third-party data to identify equipment that is projected to best hold its value or offer the lowest cost of ownership in the next five years.
Winners were announced at a press conference during the World of Concrete 2021 trade show in Las Vegas, NV.
“The EquipmentWatch analysts are excited to mark the 6th year of the Highest Retained Value and 4th year of Lowest Cost of Ownership awards,” said Jessica Carr, Director of Data and Analytics, EquipmentWatch. “The team continues to react to market dynamics, fine-tune the analysis and expand our database. To see so many repeat winning manufacturers – in light of our deepened insight – is a testament to how well their equipment holds its value.”
Lowest Cost of Ownership Award Winners
|Category||OEM||Avg. Annual Use Hours||Average MSRP|
|Articulating Boom Lifts||Genie||49||$91,371|
|Telescopic Boom Lifts||Skyjack||378||$89,963|
|Large Track Dozers||John Deere||719||$355,658|
|Small Track Dozers||Komatsu||613||$218,853|
|Electric Scissor Lifts||JLG||38||$41,843|
|Large Crawler Excavators||Link-Belt||1120||$534,345|
|Medium Crawler Excavators||Kobelco||698||$277,369|
|Small Crawler Excavators||Caterpillar||225||$202,543|
|Telehandler Lift Trucks||Sky Trak||290||$82,248|
|Compact Track Loaders||Takeuchi||306||$84,545|
|Large Skid Steer Loaders||John Deere||431||$49,636|
|Small Skid Steer Loaders||New Holland||424||$34,165|
|Large Wheel Loaders||Case CE||633||$339,572|
|Medium Wheel Loaders||Komatsu||890||$181,668|
|Small Wheel Loaders||Volvo||476||$132,881|
|Rear Dumps||John Deere||1314||$662,995|
JLG® Electric Scissor Lifts and SkyTrak® Telehandlers Win EquipmentWatch 2021 Lowest Cost of Ownership Awards
“Based on the average annual utilization and residual value, EquipmentWatch analysts were able to determine that JLG electric scissor lifts and SkyTrak telehandlers will have the lowest 5-year total cost of ownership across all equipment brands and models they evaluated within the industry,” says Jennifer Stiansen, director of marketing for JLG.
“Worldwide, the JLG brand is known for manufacturing powerful, versatile access equipment with innovative features and functions that maximize end-user uptime and minimize operating costs, contributing to a low total cost of ownership (TCO). It is truly an honor to be distinguished by EquipmentWatch in not one, but two key product categories.”
Designed to increase productivity and enhance safety on the job, JLG electric scissor lifts offer many features and benefits that contribute to their LCO, including enhanced uptime, reduced charging time, reduced service intervals, a quieter work area, less dependency on hydraulic oils and zero emissions. JLG electric scissor lift models include the DaVinci™ all-electric series, the ES electric-drive series, the R hydraulic-drive series and the ERT electric rough terrain series.
Delivering comfort and productivity for a full day’s work, SkyTrak telehandlers feature improved boom function speeds, a single joystick for greater multifunction capability, an integrated armrest and optional air conditioning for increased comfort. The SkyTrak telehandler lineup includes the 3013, 6036, 6042, 8042, 10042, 10054 and 12054 models.
According to EquipmentWatch, this is the 4th year the company has awarded LCO awards, the industry’s only award that leverages third-party, unbiased data to identify equipment projected to best offer the lowest cost of ownership in the next five years. LCO recognition was given to manufacturers and brands in 20 different categories, based on the most popular equipment models observed in the resale channel during the 12-month period between March 2020 and February 2021. For more details about the EquipmentWatch 2021 Lowest Cost of Ownership Awards, visit: https://equipmentwatch.com/methodology-lowest-cost-ownership-awards/.
Skyjack’s Telescopic Booms Take Top Prize for Lowest Cost of Ownership
Guelph, Ontario – Linamar Corporation’s (TSX:LNR) Skyjack division won EquipmentWatch’s 2021 Lowest Cost of Ownership award for its telescopic boom range. Using current marketplace data to project lowest cost of ownership over the next five years, EquipmentWatch identified Skyjack’s telescopic booms as the top choice for rental companies looking for the best value for their fleet.
“We’re honored that our telescopic booms were recognized for lowest cost of ownership,” says Kurt Atchison, director of product management at Skyjack. “This award is a barometer to how well we have capitalized on opportunities to increase our customers’ return on investment by improving reliability and serviceability.”
Skyjack’s telescopic booms cover core classes from a 40ft (12m) platform height to an 86ft (26m) platform height. They offer dual capacity ratings, up to 1,000lbs (454kg), which maximizes the potential application and job site use for these machines. All models are designed with low maintenance and cost of ownership in mind with easily accessible service components and Skyjack’s easy to troubleshoot SKYCODED™ control system.
Earlier this year, Skyjack updated its 40’ telescopic booms, leveraging its SMARTORQUE™ technology and data-driven design to lower cost of ownership for rental companies. The new models offer increased return on investment through less emission regulation components, reduced fuel usage, reduced engine OEM intervention, and no downtime related to aftertreatment among other cost-saving features.
“We worked hard to optimize our booms and the result is reflected in operating savings for our customers,” says Corey Connolly, product manager at Skyjack. “The implementation of a smaller hp engine is reflective of true job site usage, while delivering the same on-site performance. These are major strides for Skyjack as we continue to find even more ways to deliver affordable top value for our customers.”
A world leader in digital intelligence for the heavy equipment industry, EquipmentWatch captures millions of data records on items like age, acquisition cost, run hours, and market observations to project equipment that will offer the lowest cost of ownership in the next five years. Analysts examine year over year depreciation for more than 12,000 models and use a proprietary algorithm to predict values in the future.
“The EquipmentWatch analysts are excited to mark the 6th year of the Highest Retained Value and 4th year of Lowest Cost of Ownership awards,” said Jessica Carr, director of data and analytics, EquipmentWatch. “The team continues to react to market dynamics, fine-tune the analysis and expand our database. To see so many repeat winning manufacturers – in light of our deepened insight – is a testament to how well their equipment holds its value.”
Award winners were announced at a press conference during the World of Concrete 2021 trade show in Las Vegas, NV. See more about LCO winners. To learn more about Skyjack’s telescopic booms and how they can add value to your fleet, visit www.skyjack.com.