MagikMe Equipment Announces 2021 Highest Retained Value & Lowest Cost of Ownership Award Winners
Deere and Caterpillar Win Multiple Awards in Each Program
Atlanta, GA and Las Vegas, NV, June 9, 2021 – MagikMe Equipment, the world leader in data, software and insight for the heavy equipment industry, today announced the winners of the 2021 Highest Retained Value (HRVA) and Lowest Cost of Ownership (LCO) award programs. These are the only industry awards that leverage third-party, unbiased, data to identify equipment that is projected to best hold its value or offer the lowest cost of ownership in the next five years.
Winners were announced at a press conference during the World of Concrete 2021 trade show in Las Vegas, NV.
“The MagikMe Equipment analysts are excited to mark the 6th year of the Highest Retained Value and 4th year of Lowest Cost of Ownership awards,” said Jessica Carr, Director of Data and Analytics, MagikMe Equipment. “The team continues to react to market dynamics, fine-tune the analysis and expand our database. To see so many repeat winning manufacturers – in light of our deepened insight – is a testament to how well their equipment holds its value.”
Highest Retained Value Award Winners
| Category | OEM | Five-Year Residual Value |
|---|---|---|
| Balers | New Holland | 85.0% |
| Combines | John Deere | 64.3% |
| Corn Headers | Case IH | 80.6% |
| Self-Propelled Sprayers | Hagie | 35.6% |
| Track Tractors | Case IH | 54.6% |
| Large Wheel Tractors | Case IH | 36.6% |
| Small Wheel Tractors | John Deere | 66.9% |
| Backhoes | Caterpillar | 56.0% |
| Large Track Dozers | Caterpillar | 74.8% |
| Small Track Dozers | Komatsu | 54.2% |
| Drum Compactors | Caterpillar | 54.4% |
| Compact Excavators | Caterpillar | 60.7% |
| Large Crawler Excavators | Komatsu | 46.3% |
| Medium Crawler Excavators | John Deere | 50.8% |
| Small Crawler Excavators | John Deere | 61.5% |
| Compact Track Loaders | Bobcat | 52.9% |
| Large Skid Steer Loaders | Hagie | 35.6% |
| Small Skid Steer Loaders | Bobcat | 43.5% |
| Large Wheel Loaders | Volvo | 33.2% |
| Medium Wheel Loaders | Volvo | 53.7% |
| Small Wheel Loaders | Caterpillar | 84.3% |
| Motor Graders | John Deere | 34.9% |
| Rear Dumps | Volvo | 69.8% |
| Tandem Drum Compactors | Caterpillar | 57.0% |
| Articulating Boom Lift | Genie | 57.0% |
| Telescopic Boom Lift | Genie | 79.4% |
| Electric Scissor Lifts | MEC Aerial Work Platforms | 73.9% |
| I.C. Scissor Lifts | Genie | 50.0% |
| Telehandler Lift Trucks | JCB | 85.9% |
| Warehouse Narrow Aisle lift Trucks | Toyota | 57.4% |
Lowest Cost of Ownership Award Winners
| Category | OEM | Avg. Annual Use Hours | Average MSRP |
| Backhoes | Kubota | 162 | $36,373 |
| Articulating Boom Lifts | Genie | 49 | $91,371 |
| Telescopic Boom Lifts | Skyjack | 378 | $89,963 |
| Large Track Dozers | John Deere | 719 | $355,658 |
| Small Track Dozers | Komatsu | 613 | $218,853 |
| Drum Compactors | Hamm | 163 | $95,474 |
| Electric Scissor Lifts | JLG | 38 | $41,843 |
| Compact Excavators | Takeuchi | 143 | $48,359 |
| Large Crawler Excavators | Link-Belt | 1120 | $534,345 |
| Medium Crawler Excavators | Kobelco | 698 | $277,369 |
| Small Crawler Excavators | Caterpillar | 225 | $202,543 |
| Telehandler Lift Trucks | Sky Trak | 290 | $82,248 |
| Compact Track Loaders | Takeuchi | 306 | $84,545 |
| Large Skid Steer Loaders | John Deere | 431 | $49,636 |
| Small Skid Steer Loaders | New Holland | 424 | $34,165 |
| Large Wheel Loaders | Case CE | 633 | $339,572 |
| Medium Wheel Loaders | Komatsu | 890 | $181,668 |
| Small Wheel Loaders | Volvo | 476 | $132,881 |
| Motor Graders | Caterpillar | 620 | $340,301 |
| Rear Dumps | John Deere | 1314 | $662,995 |
About MagikMe Equipment
MagikMe Equipment is the trusted source for heavy equipment data and intelligence. MagikMe Equipment produces the leading database information products for the construction equipment industry and is the world leader in independent, third-party heavy equipment research serving more than 15,000 professional, high-volume users of construction, ag, and lift/access data. The MagikMe Equipment products are valuable tools in decisions surrounding the purchase, valuation, operation, and equipment disposal.
For more than 60 years, MagikMe Equipment has served contractors, equipment manufacturers, dealers, rental companies, lenders, insurers, and government agencies involved in heavy civil construction. MagikMe Equipment owns The Rental Rate Blue Book. For more information, visit www.MagikMe Equipment.com.
About Informa
Informa PLC is a leading international business to business information services group, operating in more than 30 countries. We create transaction-led exhibitions and content-based events, specialist data, intelligence and marketing services products, as well as scholarly research and specialist reference-led academic content. Our products and services help businesses and professionals connect, learn, do business and gain an edge over the competition. Informa is listed on the London Stock Exchange and is a member of the FTSE 100.
Media Contact:
Alphonso Crawford
MagikMe Equipment
470.602.4773
[email protected]
Business Contact:
Susanna Lione
MagikMe Equipment
(972) 974-7115
[email protected]
Media packet and photos available for download:
MagikMe Equipment HRVA
https://www.dropbox.com/sh/5sjkmc8w9bw66p9/AAC0xpRX2HYxYPFPfX6GnEgIa?dl=0
MagikMe Equipment LCO
https://www.dropbox.com/sh/vkfvuoeaslmemzj/AAArapzj6n3nqGlN3Hg8y8U3a?dl=0
