Used Machinery
Machinery Pete is seeing equipment market trends he’s never seen before. Used values are rising as new sales fall. What’s behind the split, and is there any real chance manufacturers cut prices?
A record-setting sale of an 18-year-old pre-DEF semi has Machinery Pete pointing to strong demand for used equipment, even as high prices and weak demand continue to weigh on the new farm machinery market.
Find out why farmer-buyers and equipment dealers are well positioned heading into the New Year and why hay tool equipment is setting records and driving buying behavior.
The coming months of November and December will be marked by an uptick in the number of used farm equipment auctions across the country. It seems counter-intuitive, but it could be the last chance to get a good deal on a gently used tractor or combine.
Find out how the busy farm equipment auction season is shaping up so far and why you can expect an uptick in multi-dealer and farm retirement auctions before 2025 comes to a close.
There are more good conditioned, late-model machines on dealer lots and in the auction circuit right now than at any other time in recent memory. Find out which machines you should target this winter with your year-end spend.
Hear what’s working for four farmer-buyers with experience finding used machinery in good condition for their operations.
Casey Seymour and Greg “Machinery Pete” Peterson dig deep into what it takes to move equipment in today’s volatile market, plus a candid look at economic headwinds — Fed policy, interest rates, tariffs, and commodities — and how they’re steering buyer decisions and seller strategies.
One of the online auction market’s pioneering trailblazers shares some pointers for both buyers and sellers.
The farm equipment auction busy season is here and Greg “Machinery Pete” Peterson has a pair of machines that sold last week that show used machinery values are strong and farmers are buying pre-DEF, well-maintained equipment.
Follow these time-tested, expert recommendations this fall and winter to ensure you don’t overpay or get stuck with a machine with low resale value.
This week’s Machinery Pete “Pete’s Pick of the Week” is a nearly 40-year-old John Deere tractor beloved by farmers for decades now, and Pete gets you ready for an active week on the used farm equipment auction circuit.
An upward price correction could be coming soon and learn which farm equipment specs and features help maintain used machinery resale values.
With interest rates and expenses high and commodity prices still low, marketing and social media promotion is necessary to pull every last dollar of revenue out of good conditioned, used machines on the auction circuit.
A recent nationwide used equipment scam resulted in nearly a quarter million dollars being lost to online scammers for farm machinery that was never delivered to buyers in seven states. Find out how you can stay safe when buying equipment online.
A new trade rule that went into effect Aug. 18 is already restricting the flow of steel-based farm equipment into the U.S. from manufacturers and dealers based north of the border. Here is one Oklahoma farmer’s doozy of a tale.
Farmer buying behavior on new versus used machinery is often influenced by two factors: interest rates and the supply of viable, reasonably-priced upgrade options.
The farm equipment auction world is seeing a wave of farmer interest in hay tools, loader tractors, lower-cost machines and specialty niche equipment, like sugar beet harvesters and hay bale steamers.
Low-hour, like-new tractors, combines and even skid steers are drawing solid bidding activity, and the guys preview fall auction season and offer their best advice to get your auction in front of the right buyers.
According to Machinery Pete, the price of used high-horsepower tractors fell between 18% and 23% from 2023/24 levels, while regional auctions report used equipment values fell by as much as 40%. So far in 2025, used equipment values found footing, a trend on the verge of reversing due to growing strains in the farm economy.
A used equipment market that was very buyer friendly of late is starting to swing back toward the dealer side of things, and used, late-model combines continue to draw strong farmer interest and dollars at auction.
Get ready for a wave of farm retirement and estate auctions by finding out which farm machines are trending higher in value and which machines might be finding that price sweet spot for fall bargain hunting season.
Hear how recent auction results show a used farm equipment market ready to shake off the shackles from two years of depressed farm economics and ride a big, beautiful wave of momentum into fall harvest.
Used skid steers, wheel loaders and excavating equipment are starting to draw strong bids as farmers build out fleets, and learn how one startup auction company is making inroads into the overseas export market.
Take a break from the used equipment auction shop talk and go on a fun journey with our hosts on this special midyear edition of the Moving Iron podcast.
A recent case showed that bad actors will target farmers to take advantage of their trust and deal-seeking in the used equipment market. Two experts tell us what to look for and tips for avoiding a messy situation with your next big purchase.
The tale behind the iron and good conditioned, pre-DEF row crop tractors are two factors driving farmer buying interest at the moment. Find out how you can leverage both to move some machines and drive values higher on the auction market.