Penton’s EquipmentWatch, a software, data and insights provider for the heavy equipment industry, recently released its first Heavy Equipment Residual Value report.
In addition to the new report, EquipmentWatch has started a new consultative service that will offer residual values solutions for large scale customers. This is also the first in the industry.
This report provides the first single source of exact, data-driven residual values for the industry. It also features residual values for lift truck, construction, and agricultural equipment. These figures are averaged out for five years and reflect a current resale and auction percentage.
In addition, the report emphasizes and benchmarks the three leading models by their 10 product categories sales: skin steers, crawler excavators, wheel loaders, backhoes, crawler dozers, telescoping boom rough terrain lift trucks, pneumatic tire lift trucks, mowers and shredders, balers and combines.
"With this report, EquipmentWatch builds on its 50-year history as the leading valuation supplier in the construction and lift equipment markets," EquipmentWatch Managing Director Garrett Schemmel said. "Powered by the largest sales transaction database in the world, we process nearly $20 billion in transactions each month, supported by the industry's largest team of analysts.
"The Residual Value report is our launching point into a deeper set of solutions for those needing reliable, future asset valuations, including the equipment finance, inland marine insurance, OEM remarketing and contractor (equipment manager) segments to name a few."