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 1st annual customer conference, Traction.
"We're excited to launch the Lowest Cost of Ownership Award, with the goal of helping equipment buyers objectively understand the best performing machines," says 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. These products provide detailed benchmarks and estimates spanning the economic life of over 17,000 models across the spectrum of heavy construction equipment.
Amongst 15 winners is the Doosan DX300, the 30 tons medium excavator sold at HMD Africa.
EquipmentWatch is the trusted source for heavy equipment data and intelligence. They 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.
For nearly 50 years, EquipmentWatch has served contractors, equipment manufacturers, dealers, rental companies, lenders and insurers, and government agencies involved in heavy civil construction.