Machinery Pete - Equipment Auction News
Get the latest farm equipment news, auction trends auction results from Machinery Pete on AgWeb, including Pete’s Pick of the Week.
Check out used farm equipment listings on MachineryPete.com.
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.
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.
Your farm’s odds at sustaining into future generations depends on knowing, absorbing and acting on the realities of this new/changed farm equipment market.
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.
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.