EquipmentWatch is pleased to announce the 2022 Highest Retained Value Award (HRVA) winners. There are 30 award categories covering construction, lift/access, and agricultural equipment, all powered by EquipmentWatch’s database and more than 9 million market observations. The awards are a culmination of more than 100 analyst hours reviewing and ranking more than 27,000 models.
Retained Value
Retained values are what you can anticipate a piece of equipment to be worth after a given period. For EquipmentWatch’s HRVA awards, the timeframe chosen is five years, so the retained values shown here are the anticipated values for a piece of equipment five years from now.
Retained values are often related to the concept of depreciation, which is a measure of how far a piece of equipment’s value decreases over time. Retained values are an integral part of equipment purchase and maintenance. At every step, from the rent/buy decisions to leasing operations and fleet management, knowing and understanding retained values can provide powerful insights into the optimal choice.
EquipmentWatch’s retained values are calculated using market data, depreciation standards, and our proprietary algorithm. For more information on methodology, click here.
Percentage vs. Dollar value
Depreciation and retained values are inherently reliant upon purchase price. With so many ways to adjust the value of a piece of equipment, which varies based on utilization, region, condition, components, and more, it would be difficult to estimate exact dollar values in this analysis to cover every possible variation. Instead, EquipmentWatch measured retained values as the average percentage of initial value retained after five years for equipment purchased new or on the used market. For the HRVAs specifically, EquipmentWatch based our analysis on newly purchased, current model year equipment.
This approach provides an apples-to-apples way to compare equipment brands and provides us with a clear and unbiased way to choose winners for the HRVA awards. Using percentages eliminates confusion when comparing brands that may have materially different purchase prices and an asset with a higher dollar value at the end of the 5-year-period may have simply started out with a higher original cost.
Agriculture winners:
| Equipment category | Brand | 5-Year Residual Value |
| Balers | Kubota | 75.77% |
| Combines | New Holland | 72.00% |
| Corn Headers | Geringhoff | 66.79% |
| Self-Propelled Sprayers | Hagie | 69.49 |
| Track Tractors | John Deere | 67.32% |
| Small Wheel Tractors | Kubota | 76.62% |
| Large Wheel Tractors | New Holland | 76.78% |
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