Auction
A trio of John Deere models sold for notable prices this past week in Illinois and Missouri on the used equipment auction circuit.
The Great White North of Minnesota has seen sub-zero temps and 30-mph wind this winter but very little snow. Machinery Pete is feeling left out, so he decided to share these cool machines that were made for the snow.
Auction prices for used equipment were mixed, with some items selling for higher prices and others for much lower, signaling a complex 2025 outlook.
Machinery Pete notes two record-breaking Massey Ferguson sales as well as one that came close to setting a new high mark in this week’s Pete’s Pick.
Semi demand continues to hold strong, particularly for low-mileage, earlier emission-tier models. For example, at a retirement auction in Missouri a year ago, a 2017 Peterbilt 389 Glider day cab semi with 34,493 miles sold for $350,000.
Fleet industry veteran Todd Welle joins the Top Producer podcast to share some smart purchases he’s seeing farmers make.
Timing is everything, according to the equipment pricing trends Machinery Pete is watching.
Machinery Pete also shared the results of a special Allis-Chalmers auctioned off for charity on Nov. 9.
Digging into his data, the average auction prices for Case IH Magnum 290 and John Deere 8285R tractors are both down 34% this year versus last year.
When ag equipment manufacturers start shedding union line workers, shuttering plants and shifting factories to Mexico, and there’s a glut of used equipment covering dealer lots, you know the tide is quickly turning.