After commodity prices fell in 2013, used equipment prices began to follow, according to Greg Peterson, widely known as “Machinery Pete.”
In particular, large late-model used equipment values have taken a big hit the past couple of years. But as Machinery Pete notes, it’s not always just prices sliding for the machine itself, but for attachments as well.
Machinery Pete uses the John Deere 612C corn head as an example of what he’s seen during the past three years. The average auction price for this attachment has trended downward every year since 2013:
- 2013 - $51,255
- 2014 - $37,095
- 2015 - $32,890
- 2016 - $31,073
“2014 was the period we saw the biggest drop in used values,” he says. “[But more positively], in the last 18 months, the used auction prices have solidified.”
Machinery Pete also noticed a large spike in the number of 2015 auction sales for 612C corn heads. In the video clip below, he explains to AgDay why this happened.
Stay up-to-date with all of Machinery Pete’s used farm equipment insights at www.machinerypete.com/videos-blogs-and-articles/.
Corn Heads for sale
John Deere Corn Heads for sale
John Deere 612C Corn Heads for sale
John Deere 612C StalkMaster (chopping) corn Heads