VolvoCE wins Highest Retained Value and Lowest Cost of Ownership EquipmentWatch Awards
For the fifth year in a row, construction industry insights provider EquipmentWatch has recognized Volvo Construction Equipment machines with its Lowest Cost of Ownership Awards and Highest Retained Value Awards.
Volvo CE tied for the most machines awarded Lowest Cost of Ownership and had another model win for Highest Retained Value in the 2020 EquipmentWatch awards.
In all, Volvo had four different equipment categories represented in the annual awards from EquipmentWatch, the leading data researcher in the heavy equipment industry. Theย EC480 crawler excavator,ย theย L90 wheel loaderย and the A25 articulated hauler receivedย Lowest Cost of Ownershipย awards, while theย SD45 soil compactorย was given aย Highest Retained Valueย award.
โWe are honored to receive these awards because now, more than ever, they underscore our attention to total cost of ownership while also providing our customers high-quality machines,โ said Stephen Roy, SVP Region North America. โWe appreciate that EquipmentWatch is providing such an insightful service to the industry.โ
In addition to equipment features, Volvo has many services that help with total cost of ownership โ including ActiveCareยฎ Direct advanced telematics, a Lifetime Frame and Structure Warranty, a Fuel Efficiency Guarantee, and the Volvo Certified Used program. ActiveCare Direct is especially useful at supporting lifecycle values by giving owners insights that can help reduce fuel consumption, unplanned maintenance, operator errors and excessive hours caused by too much idling.
Awards Backed by Objective Data
The EquipmentWatch annual awards are based on extensive analysis of millions of data records. The Highest Retained Value winner represents the model within its respective equipment type projected to retain the highest percentage of its original value after a five-year period.
The Lowest Cost of Ownership Award winner represents the model within its respective equipment type with the lowest five-year total cost of ownership. The ranking factors in costs over the entire life of the machine, including maintenance, repairs, fuel expenses and potential downtime.
Volvo CEโsย EC480 excavator won in the Large Crawler Excavator size class (>50.0 metric ton) category, theย L90 wheel loaderย won in the Medium Wheel Loader (135-249 hp) category and the A25 hauler won in the Rear Dumps category for Lowest Cost of Ownership Awards. Theย SD45 compactor won in the Drum Compactors category for Highest Retained Value.
โWeโre proud that the EquipmentWatch Awards serve as a de facto buying guide for the industry,โ said George Buckley, director of marketing for EquipmentWatch. โWe see a number of repeat winners year after year, but the objective data show strong competitors emerging with high-quality, efficient and cost-effective machines. They deserve this recognition and the buyer consideration that comes with it.”
