Snorkel Earns Highest-Retained-Value Award from EquipmentWatch

Snorkel

Snorkel’s TB Series of 80’ and 86’ telescopic boom lifts has earned the Highest-Retained-Value award for the third consecutive year from EquipmentWatch.

Calculated over 12 months in 2018 and 2019, the Snorkel TB80 and TB86J telescopic boom lifts were deemed to have the highest retained value in the telescopic boom category by EquipmentWatch, an industry-leading database. With an average age in the market of 13.47 years, those models are projected to retain the highest percentage of their original value after five years.

Winning the Highest Retained Value Award for the third time, the Snorkel TB series is among 24 unique OEM winners in its category. The annual awards are based on the comprehensive EquipmentWatch market activity database covering 50 categories of construction, access, and agricultural equipment.

A trusted source for heavy equipment data and intelligence, EquipmentWatch has served contractors, equipment manufacturers, dealers, rental companies, lenders and insurers, and government agencies involved in heavy civil construction for more than 50 years. A world leader in heavy construction research, EquipmentWatch produces a range of database information products designed to be valuable tools in the decision-making process for the purchase, valuation, operation, and disposal of equipment.

Designed to be reliable and robust, the Snorkel TB80 and TB86J telescopic boom lifts are built in the United States at Snorkel’s factory in Elwood, Kansas.

With a focus on simplicity, the diesel-powered rough terrain Snorkel TB80 and TB86J models are proven to deliver a long working life and a low total cost of ownership.

Matthew Elvin, Snorkel CEO, said, “We are honored to receive this highly regarded EquipmentWatch award for three consecutive years. This supports our focus on designing simple, reliable, and robust products that deliver low total ownership costs and ultimately are a great return on investment.”

For more information on the EquipmentWatch awards, visit https://equipmentwatch.com/2020-residual-value-awards/, and find out more about the Snorkel TB telescopic boom award here: https://equipmentwatch.com/2020-residual-value-awards/2020-snorkel-tb-boom-lift-telescopic/.