May 2020 Vol. 75 No. 5
Business
Volvo Machines Earn Highest Retained Value, Lowest Cost of Ownership Awards
For the fifth year in a row, construction industry insights provider EquipmentWatch recognized Volvo Construction Equipment machines with the Lowest Cost of Ownership and Highest Retained Value awards. These annual awards are based on extensive analysis of millions of data records.
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.
Three Volvo CE machines earned these awards: EC480 excavator, in the Large Crawler Excavator size class (> 50.0 metric ton) category; L90 wheel loader, in the Medium Wheel Loader (135-249 horsepower) category; and tA25 hauler, in the Rear Dumps category.
In addition to equipment features, Volvo has many services that help with total cost of ownership, including ActiveCare Direct advanced telematics, Lifetime Frame and Structure Warranty, 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.
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. Volvo CE’s SD45 compactor won this award, in the Drum Compactors category.
“We 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,” said Stephen Roy, senior vice president-North America. •
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