Here’s some news that might surprise you: We might be finding a floor with used combine values. I have seen stronger auction sale prices roll in from around North America since late this past year on one- to three-year-old models.
Don’t believe me? See for yourself by checking out the accompanying data table.
Take the interesting tale of the 2014 Case IH 9230 tracked combine, for example. The machine had 138 engine hours and sold for $335,000 at a June 26, 2015, consignment auction by Ritchie Bros. Auctioneers in southwest Illinois.
Interestingly, the company listed the combine fewer than 10 days before the auction, says Rick Vacha, regional sales manager for the Ritchie Bros. ag division, with whom I visited in early September. As a result, the machine missed out on all of the extensive pre-sale promotion Ritchie Bros. conducts.
Impressive Prices Persist. Yet the combine still sold very well at $335,000 with no heads. It actually came from a farmer up in Ontario, Canada—a long way from southwest Illinois. The combine buyer, meanwhile, lives not far from the auction site.
If this were an isolated strong auction sale price on a late-model used combine, well, I wouldn’t be writing this column. Yet check out the data table featuring comparatively strong auction sale prices on late-model machines, all of which have been sold within the past 12 months.
Consider Purchasing Used. The year 2014 proved tough for used equipment values. In some cases, as we’re seeing here with used combines, used values have stabilized this year. They are finding that floor.
Note the 2012 Case IH 8120 combine listed in the table with 989 engine hours. It sold for $170,000 on Aug. 1, 2015, in southwest Iowa. It was in the ballpark with prices from other recent sales, such as the Feb. 4, 2015, farm auction in southeast South Dakota at which a 2012 model 8120 with just 580 engine hours sold for $182,500.
I’d say the next few months will be a very good time to be thinking about buying a good used combine. Dealers have many waiting for a home. Stay plugged in. Things can change, even used combine values.
Harvester Auction Prices Firm Up
Sale prices for used combines remain strong, as these examples from recent auctions around North America reveal. Data are ranked first by manufacturer and then in descending order by price.
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