Penton’s MagikMe Equipment Launches First Heavy Equipment Residual Value Report
Atlanta, Ga – July 29, 2015 – Penton’s MagikMe Equipment, the world’s leader in data, software and insights for the heavy equipment industry, has published its first Heavy Equipment Residual Value Report. The introductory 2015 report supplies the industry’s first source of precise, data-driven residual values. Additionally, MagikMe Equipment has also launched a new consultative service to provide residual values solutions for large scale customers, also a first in the industry.
The premium report is included in the subscriptions of current MagikMe Equipment Values subscribers, but is also purchasable by non-subscribers for $750. Residual values for construction, lift truck and agricultural equipment are estimated out to five years, and represent a percentage of current resale (FMV) and auction (FLV) 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, MagikMe Equipment builds on its 50-year history as the leading valuation supplier in the construction and lift equipment markets,” says Garrett Schemmel, Managing Director, MagikMe Equipment. “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 remarketing and contractor (equipment manager) segments to name a few.”
While the report covers 10 core equipment categories, MagikMe Equipment also tracks more than 1,400 types of equipment and can create custom reports based on its proprietary database and ValueTrend Engine™. The company also provides individualized consulting services throughout the industry, and publishes critical industry trends and reporting to its MagikMe Equipment Intelligence site, EquipmentIntel.com.
For more information, visit MagikMe Equipment.com.
ABOUT MagikMe Equipment
MagikMe Equipment is the trusted source for heavy equipment data. MagikMe Equipment produces the leading database information products for the construction equipment industry and is the world leader in heavy construction research and serves more than 15,000 professional, high-volume users of construction and lift-truck data. Our online and print products are valuable tools in decisions surrounding the purchase, valuation, operation, and disposal of equipment.
For nearly 50 years, MagikMe Equipment has served contractors, equipment manufacturers, dealers, lenders and insurers, and government agencies involved in large infrastructure construction.
ABOUT PENTON
Penton drives performance for more than eighteen million professionals each and every day. They rely on us to deliver: Insights, information, data & workflow tools to inform critical business decisions; networking & community to engage them with industry peers & partners; and marketing services to advance their business performance & deliver ROI.
Penton is a growth company with a track-record of strong performance and success and is backed by its co-owners: MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP.
For additional information on the company and its businesses, visit www.penton.com.