EquipmentWatch debuts Heavy Equipment Residual Value report
The premium Heavy Equipment Residual Value report is included in the subscriptions of current EquipmentWatch Values subscribers, but also is available to nonsubscribers for $750.
Residual values for construction, lift truck and agricultural equipment are estimated out to five years and represent a percentage of current resale and auction value.
The report also sets benchmarks and highlights the top-three models by sales in 10 product categories: wheel loaders, crawler excavators, skid steers, crawler dozers, backhoes, pneumatic tire-lift trucks, telescoping boom rough terrain lift trucks, balers, combines and mowers/shredders.
Leading brands represented in the data include Caterpillar, Deere, Komatsu, Case, Clark, Toyota, JCB, Massey Ferguson, New Holland and Kubota.
“With this report, EquipmentWatch builds on its 50-year history as the leading valuation supplier in the construction and lift-equipment markets,” Garrett Schemmel, EquipmentWatch's managing director, 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 re-marketing and contractor (equipment manager) segments, to name a few," Schemmel said.
While the report covers 10 core equipment categories, EquipmentWatch also tracks more than 1,400 types of equipment and can create custom reports based on its proprietary database and ValueTrend Engine.