15 Apr
LOWEST COST OF OWNERSHIP (LCO) AWARD
Bobcat T590 compact track loader has won the 2020 Lowest Cost of Ownership (LCO) Award in the Loaders Compact Track category for a second consecutive year. Having won the Award for the MT55 in 2018, Bobcat has proven to be the dominant force in the category for the past three years.
HIGHEST RETAINED VALUE (HRV) AWARD
The Bobcat S70 skid-steer loader also triumphed in the 2020 LCO Awards, winning the Skid Steer Loaders Small category for the third year in a row. The company’s smallest loader has also been awarded the Highest Retained Value (HRV) Award in 2020, giving testament to the longevity and quality of its machines. Last year’s HRV Award went to the Bobcat MT55.
THE AWARDS
The LCO and HRV Awards are the industry’s only accolade of their kind, based on empirical data regarding the long-term cost of heavy and compact equipment. They are organised by EquipmentWatch, a world leader in data, software and insights for the heavy equipment industry. Nominees are recognised within 15 different categories of machine that exhibit the lowest cost of ownership over a five-year span. The HRV Award winner represents the model, within its respective equipment type, projected to retain the highest percentage of its original value after a five-year period. Total cost of ownership is one of the most important aspects that buyers take into account when they purchase equipment.
