EquipmentWatch named the winners of the 2017-2018 Lowest Cost of Ownership Awards. The announcement was made during the awards ceremony held during EquipmentWatch’s first annual customer conference “Traction.” Winners are models with the lowest five-year total cost of ownership and the prize is based on the proprietary EquipmentWatch Ownership Cost data. The Lowest Cost of Ownership Awards is the latest installment in the EquipmentWatch Awards program, along with the Highest Retained Value Awards, a data-driven recognition of the best residual values in the industry.
“We’re excited to launch the Lowest Cost of Ownership Award, with the goal of helping equipment buyers objectively understand the best performing machines,” said Garrett Schemmel, vice president, EquipmentWatch. “The LCO Award provides clarity to a critical question that owners of equipment have long wanted answered.”
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. The products provide detailed benchmarks and estimates spanning the economic life of more than 17,000 models across the spectrum of heavy construction equipment.
More than 200 individuals attended Traction: The Data-Driven Heavy Equipment Conference at Atlanta’s Loews Hotel, including equipment managers and contractors, OEM personnel, dealers, lenders and insurance carriers.
2017-2018 Lowest Cost of Ownership Winners
Backhoes: Deere 310 Series
Dozers, Large Track: Komatsu D85 Series
Dozers, Small Track: Caterpillar D3 Series
Drum Compactors: Sakai SV201 Series
Excavators, Compact: JCB 8018 Series
Excavators, Large Crawler: Case CX700 Series
Excavators, Medium Crawler: Doosan DX300 Series
Excavators, Small Crawler: Caterpillar 311 Series
Loaders, Compact Track: Bobcat MT55 Series
Skid Steer Loaders: Bobcat S70 Series
Loaders, Large Wheel: Kawasaki 95 Series
Loaders, Medium Wheel: Komatsu WA320 Series
Loaders, Small Wheel: JCB 407 Series
Motor Graders: Mauldin MG618 Series
Rear Dumps: Deere 300 Series