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ATLANTA and LAS VEGAS, June 9, 2021 (GLOBE NEWSWIRE) – Price Digests, the leading provider of vehicle values and specifications for more than 100 years, today announced the winners of the 3rd Annual Price Digests Highest Retained Value Awards (HRVA) . this is that just Industry awards program that uses independent, data-driven, third-party commercial vehicle residual values to recognize those who best hold their value. Price Digests is supported by The Truck Blue Book.
The prestigious HRVA Awards from Price Digests were presented in nine categories and honor commercial vehicles in classes 3-8, from light to heavy models. The winners represent the series in each truck category that are expected to retain the highest percentage of their original value over a period of five years.
Kurt Wilson, Price Digests manager of Data Analytics, who leads the analytics team, said, “We looked at the most popular commercial vehicles on the road and used proprietary algorithms to identify trucks that are expected to be in the next five years keep the highest value. ”years. Our team of analysts is happy to share this information as part of the Price Digests Highest Retained Value Awards. ”
The winners were announced at a press conference during the World of Concrete 2021 trade show in Las Vegas, NV. According to Simon Ferguson, President of Price Digests, the number of new winners in 2021 reflects changes that truck fleet owners and those who finance and insure fleets need to analyze for their own business investments. “Our team of analysts has expanded our data collection and market observations, and is stocked with information that will help truck industry leaders build smarter businesses,” he says. “We believe that knowing and sharing this information can help these leaders.”
This is the third year that Price Digests has presented the prestigious Highest Retained Value Awards to truck manufacturers. Only two companies have received top awards every three years: Hino for medium-duty trucks with conventional cab and chassis this year, after winning Cabover Cab and Chassis in 2019 and 2020, and Ford Motor Company for medium-duty trucks with crew cab & chassis three Years in a row. Ferguson says these wins are impressive in their respective highly competitive categories.
The winners of the prize with the highest intrinsic value in 2021 summarize the price list
|category||Manufacturer||model||Average RRP ($)||Retained Value (%)|
|Conventional sleep tractor for heavy-duty trucks||KENWORTH||W900L||$ 186,777||41.56%|
|Heavy duty truck with a conventional day cabin||FREIGHTLINER||CASCADIA||$ 159,515||35.86%|
|Conventional cab and chassis for heavy-duty trucks||FREIGHTLINER||M2 106||$ 95,759||35.73%|
|Conventional cab and chassis for medium-duty trucks||HINO *||268A||$ 83,300||46.75%|
|Cab and chassis for medium-duty trucks Cab||ISUZU||NPR-HD||$ 51,010||52.17%|
|Medium-duty truck with double cab and chassis||FORD*||F550||$ 55,949||58.25%|
|Light commercial vehicles with double cab and chassis||FORD||F350||$ 48,585||50.09%|
|Transporter for light commercial vehicles||Chevrolet||Express freight 2500||$ 35,494||51.15%|
|Driver’s cab and chassis for light commercial vehicles||FORD||F250||$ 33,329||59.28%|
* Manufacturer also won in 2019 and 2020
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Via price overviewsSince 1911, Price Digests, a division of Informa, has served the vehicle data needs of the insurance, financial, government, and dealer markets through its portfolio of VIN decoding, specifications, and market value data solutions for commercial vehicles, automobiles, marine, powersports, and recreational vehicle asset classes. Our data insights help companies gain competitive advantage through the efficiency of asset data workflows, while playing a critical role in asset purchase, valuation, operation, and risk mitigation decisions. Price Digests data is supported by The Truck Blue Book.
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Media contact:Lisa GardnerPrice Digests678-206-5198Lisa.Gardner@informa.com
Business contact:Susanna LionePrice Digests (972) 974-7115Susanna.Lione@informa.com
Source: price overview