Steiger, Deere hold value better

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Three John Deere models were found to hold the highest retained value in a US-based study, but it was Case IH that won big.

The Case IH Steiger was identified by EquipmentWatch as retaining the highest percentage of its original value after a five-year period
The Case IH Steiger was identified by EquipmentWatch as retaining the highest percentage of its original value after a five-year period

Case IH Steigers, Apache AS sprayers and John Deere 8RT track tractors and S mark combines are predicted to retain their value better than any other model of an equivalent size, according to a US data analyst.

The models won their various segments in the Highest Retained Value Awards produced by US-based EquipmentWatch, which produces database information for the construction equipment industry.

Surveying the US agricultural market over a five-year period through its market activity database, EquipmentWatch found that among large-wheeled tractors with >175hp, the Case IH Steiger would retain the highest percentage of its original value after a five-year period.

Case IH Australia product manager for high horsepower tractors Alexandria Selsmeyer welcomed the recognition for what many consider to be the flagship of the Case IH tractor fleet. 

"With this award we can also prove the value associated with investing in one of these tractors," she said.

"There’s some exciting things on the horizon for our Steiger here in Australia this year, but one thing that will remain constant is the tractor’s ability to handle the most challenging of conditions."

The Highest Retained Value Awards are the culmination of months of data analysis by EquipmentWatch, covering 30 categories of construction, lift and access and agricultural equipment.

HRVA winners are determined by EquipmentWatch Values analysts, who looked at the most popular equipment series observed on its resale channel over a 12-month period in 2018 and 2019.

EquipmentWatch marketing director George Buckley says competition was particularly tough this year.

"We 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," he says.

"They deserve this recognition and the buyer consideration that comes with it."

There were 24 unique OEM winners in the 30 HRVA categories, with John Deere and Caterpillar each taking out four prizes.

Deere won in the <174hp tractor category with the 2032R tractor, in the track tractors category with the 8370RT and in the Combines category with the S770.

Other winners were the Apache AS1040 self-propelled sprayer, the New Holland BC5070 hay baler, the MacDon C3008 corn header and the JCB 411 small (<134hp) wheel loader. 

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