Equipment Watch, a company that tracks market intelligence and data for construction equipment headquartered in Atlanta, has chosen Volvo Construction Equipment (Volvo CE), Shippensburg, Pennsylvania, for two of its 2018 Highest Retained Value Awards. The EC380E excavator and L90 wheel loader both received awards, marking the third straight year that Equipment Watch has recognized Volvo CE with awards.
Equipment Watch analysts considered more than 12,000 models with up to 20 model years of values for the third annual awards, announced in conjunction with World of Concrete 2018 in Las Vegas. Volvo CE’s machines were chosen for their projected value retention over a five-year period.
“Volvo CE is committed to achieving the highest lifecycle values in the industry, and these Equipment Watch awards underscore just how important these values are in the marketplace,” Stephen Roy, president of Volvo CE, says. “It’s one thing to stake a claim, but it’s another to see research back it up. These awards are based on hard historical data, and we commend Equipment Watch for providing such a valuable service to the industry. We’re honored to receive these awards.”
Volvo CE’s EC380E excavator won in the Medium Crawler Excavator size class (21.1 to 50 metric tons). In the Medium Wheel Loader category (135 to 249 horsepower), the Volvo CE L90 took home a prize. The company says both machines have displayed exceptional residual value with the highest average ages on the market.
“Retained value is a critical measuring stick for equipment buyers, dealers and fleet managers throughout North America that speaks to each machine’s historic performance and value,” Garrett Schemmel, vice president of Equipment Watch, says. “The Highest Retained Value Award program has more weight now than ever after three years. As Equipment Watch continues to grow and evolve, so does the data set that drives these nominations.”