Price Digests, the leading vehicle values and specs data provider for more than 100 years, today announces the winners of the 3rd annual Price Digests Highest Retained Value Awards (HRVA).
This is the only industry awards program, according to the company, that leverages third-party, unbiased, data-driven residual values of commercial trucks to recognize those that best hold their value. Price Digests is powered by The Truck Blue Book.
The Price Digests HRVA awards were presented in nine categories honoring Class 3-8 commercial trucks, ranging from light to heavy-duty models. The winners represent the model series in each truck category projected to retain the highest percentage of their original value during a five-year period.
Kurt Wilson, Price Digests Manager of Data Analytics, who leads the analytics team said, “We took a look at the most popular commercial trucks on the road and used proprietary algorithms to identify trucks that are expected to retain the most value during the next five years. Our analyst team is excited to share this information through the Price Digests Highest Retained Value Awards.”
Winners were announced at a press conference during the World of Concrete 2021 trade show in Las Vegas, NV. Simon Ferguson, President of Price Digests, says 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 analyst team has expanded our data collection and market observations, and is equipped with information to help trucking industry leaders build smarter businesses,” he says. “We believe that knowing and sharing this information can help those leaders.”
This is the third year Price Digests has presented the prestigious Highest Retained Value Awards to truck manufacturers. Only two companies have captured top awards all three years: Hino for Medium Duty Trucks with Conventional Cab & Chassis this year after winning Cabover Cab and Chassis in 2019 and 2020, and Ford Motor Company for Medium Duty Truck with Crew Cab & Chassis three years in a row. Ferguson says these wins are impressive in their respective highly-competitive categories.
The 2021 Price Digests Highest Retained Value Award Winners
|Category||Manufacturer||Model||Average MSRP||Retained Value (%)|
|Heavy Duty Trucks Conventional Sleeper Tractor||KENWORTH||W900L||$186,777||41.56%|
|Heavy Duty Trucks Conventional Day Cab Tractor||FREIGHTLINER||CASCADIA||$159,515||35.86%|
|Heavy Duty Trucks Conventional Cab and Chassis||FREIGHTLINER||M2 106||$95,759||35.73%|
|Medium Duty Trucks Conventional Cab and Chassis||HINO*||268A||$83,300||46.75%|
|Medium Duty Trucks Cabover Cab and Chassis||ISUZU||NPR-HD||$51,010||52.17%|
|Medium Duty Trucks Crew Cab and Chassis||FORD*||F550||$55,949||58.25%|
|Light Duty Trucks Crew Cab and Chassis||FORD||F350||$48,585||50.09%|
|Light Duty Trucks Cargo Vans||Chevrolet||Express Cargo 2500||$35,494||51.15%|
|Light Duty Trucks Cab and Chassis||FORD||F250||$33,329||59.28%|
*Manufacturer also won in 2019 and 2020
Since 1911 Price Digests, a division of Informa, has served the vehicle data needs of the insurance, finance, government, and dealer markets through its portfolio of VIN decoding, specifications, and market value data solutions for the commercial truck, passenger vehicle, marine, powersport, and recreational vehicle asset classes.