Sixth consecutive HRV award for Bobcat
EquipmentWatch Highest Retained Value Award for Bobcat T770 and S590 loader models
BOBCAT have won two EquipmentWatch 2021 Highest Retained Value (HRV) Awards for compact track loaders (model T770) and small skid-steer loaders (model S590) – the sixth consecutive year that the manufacturer has won an EquipmentWatch HRV Award.
Jarry Fiser, loaders product line director at Doosan Bobcat EMEA, said: ‘We are honoured that our industry-leading equipment with its legacy of well over 60 years, is once again recognized for incredible durability, toughness and reliability, providing owners with unparalleled value for money and uptime.
‘We are also delighted to win awards in two different categories – they are a testament to our commitment to customers, and recognition of the significant work hours and value owners receive from their trusted Bobcat equipment. The Bobcat compact loader range continues to be the market leader - once you have owned a Bobcat machine, there is no reason to make a change.’
The EquipmentWatch HRV Awards are the only awards in the industry that leverage third-party, unbiased data to identify equipment that is projected to best hold its value over the next five years.
Based on an extensive analysis of data records, which determine residual values calculated according to market-depreciation standards, the HRV Award winners represent product class categories within equipment types projected to retain the highest percentage of original value after a five-year period.
Using the Fair Market and Forced Liquidation values contained in the EquipmentWatch Values product, analysts examine year-over-year depreciation for more than 12,000 models with up to 30 model years of values. Using a proprietary algorithm, EquipmentWatch can predict residual values up to 84 months into the future.