Auction
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 sharp decline in new machinery sales is creating a supply vacuum for late-model iron. This shift is forcing producers to prioritize what equipment they update when and stretching life cycles of tractors to manage costs.
As late-model inventory thins and auction values defy historical trends, buyers are prioritizing a disciplined approach and documented maintenance.
A series of record-setting sales has Machinery Pete pointing to a new pattern.
From the Kinzenbaw collection with more than 150 antique beauties to a late-model lineup in Canada and a couple dealer inventory reduction auctions, Machinery Pete says it will be a big week on the circuit.
Find out which used farm equipment sales made headlines as Pete’s Pick of the Week and get the latest auction market insights straight from from Machinery Pete, plus an upcoming auction with a big lot of used skid steers.
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.
Hay and livestock producers are finishing up a solid year and specialized equipment like balers, loader tractors and feed trucks are seeing high dollar bids on the used farm equipment auction circuit.
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.
Farmers are still put off by the high price of new, and the used equipment auction world is where they are heading in droves, whether its to find 10-plus-year-old bargains, good-condition, late-model machines or even rare, classic gems.