“Finding its footing” is the tag line Greg “Machinery Pete” Peterson uses to describe the current state of the tractor segment in the farm equipment auction world.
Pete is seeing value stabilization come into play after the used tractor class weathered a major drop in auction pricing last fall. It’s a boomerang effect on the heels of an aggressive push of used late-model tractors to auction by equipment dealers at the end of 2024. By proactively managing inventories last year, Pete says, dealers now are in a better inventory position and used tractor prices are bouncing back.
“The number of auctions through the [end] of September was up 14.5% versus last year, too,” Pete says. “I think that’s going to increase through the end of the year into early ‘26, just with the way the winds are blowing. Even though the number of auctions is up, we’re finding this footing because of what dealers did last year on this newer late model stuff.”
Pete’s Pick of the Week shows used tractor prices are on the upswing:
At a Witcher Auctions two-day consignment sale in Arkansas last week, a like-new, full factory warrantied 2022 Massey Ferguson 4710 tractor with a loader (with only 5 operating hours!) sold for $45,495. That’s the highest price Pete has recorded in 2025 for a used 4710.
“There was a note on the Massey, and it just said, you know, the dude had bought it and then just, just didn’t use it,” Pete says. “And you know, it sounds funny – a two-year-old tractor with five hours on it – but I do run across those situations a fair amount more [often].”
A pair of tractors sold in a recent Big Iron online auction also caught Pete’s eye:
A 2024 John Deere 8R250 with 1,897 hours on it sold for $185,500. Pete says that’s the highest auction price all-time for a 8R250 with over 1,500 hours.
And a 2023 John Deere 6R155 4WD model with 693 hours sold for $167,500.
Upcoming Auctions
On Saturday, October 11 in North Carolina, Rich & Rich Auctioneers is hosting a “Carolina Red Dealer Inventory Reduction” sale that brings together machinery inventories from Case IH dealers, B&S Enterprises and Carolina Agri Power. Pete is keeping tabs on a low-hour, low-profile Farmall 105 A loader tractor featured in that sale.
Another notable sale Pete thinks may be worth your attention is also taking place on Saturday: the James R. Cash Auctions & Real Estate Jernigan Farms equipment auction near Springfield, Tenn. Pete is watching a John Deere 8130 tractor and a Claas LEXION 670 walker combine in that sale.
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