ATLANTA, Dec. 10, 2015 /PRNewswire/ -- Penton's EquipmentWatch, the leader in equipment values, data and intelligence for over 50 years, has launched the 1st annual EquipmentWatch Residual Value Awards, a new industry awards program based on asset value retention. The program recognizes the model series with the highest projected future value on the resale market for each equipment type. Winners will be announced online in February 2016.
Today, EquipmentWatch is also unveiling the list of award semifinalists. John Deere, Caterpillar and Komatsu are among the 26 manufacturers of off-highway (construction, lift/access and agriculture) equipment nominated.
Read the full list of semifinalists: http://www.equipmentwatch.com/equipmentwatch-announces-residual-value-awards/
"EquipmentWatch is best known for fair market values (FMV) and forced liquidation values (FLV) of heavy equipment," explains Garrett Schemmel, Managing Director, EquipmentWatch. "Residual valuation has long been a core competency of our consulting analyst team and with the industry's largest sales database powering our valuations, we recognized that we were in a unique position to create the first set of data-driven awards that acknowledge the OEMs performing best in the secondary market."
Important for manufacturers, finance companies and end users, market residual values are the projected value of an asset after accounting for depreciation and various market conditions. EquipmentWatch leverages an extensive database of over $700 billion in equipment transactions and the industry-leading ValueTrend Engine to estimate the residual value curves.
Residual values are predicted over a five year period, covering FMV and FLV ranges enabling users to make better decisions concerning equipment purchasing, financing and disposition. Recipients of the EquipmentWatch Residual Value Award will represent the models projected to retain their value best among the competition.
EquipmentWatch is the leading source for heavy equipment data and insights for the contractor, DOT, equipment finance, inland marine insurance and seller/renter communities. With benchmarking products supplying equipment ownership and operating costs, valuations, advertised retail rentals as well as supporting products for sales data mining, year-verification using serial number and specs research, EquipmentWatch provides the most comprehensive product portfolio in the heavy equipment industry.
EquipmentWatch Intelligence is the insights and consulting arm of EquipmentWatch, providing custom reports, analytics and other solutions for the heavy equipment industry.
Penton is an innovative information services company that empowers nearly 20 million business decision makers in markets that drive more than 12 trillion dollars in purchases each year. Our products inform with rich industry insights and workflow tools; engage through dynamic events, education and networking; and advance business with powerful marketing services programs. Penton is the way smart businesses buy, sell and grow.
Headquartered in New York, Penton is privately owned by MidOcean Partners and Wasserstein & Co., LP. For more information, visit http://www.penton.com or follow us on Twitter @PentonNow.
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