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Www.Machinerypete.com Over 500,000 auction prices on ALL types of farm equipment Compiling auction sale price data since 1989.

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Presentation on theme: "Www.Machinerypete.com Over 500,000 auction prices on ALL types of farm equipment Compiling auction sale price data since 1989."— Presentation transcript:

1 Over 500,000 auction prices on ALL types of farm equipment Compiling auction sale price data since 1989

2 3 Factors Pushing Used Equipment Values Higher 1.Strong Farm Income 2.High Price of New Equipment 3.Availability of New & Used

3 Used Tractor Values: Trends

4 Results: Used values staying at record high level Even higher hour Tractors in this HP segment, if they are in good condition, selling for inflated auction prices Outlook for 2012 Pete’s Take: “Used values poised to remain very strong early in 2012 through the rest of the year. Availability (lack) of quality used Tractors in this HP segment remains a driving force pushing values higher.” MachineryPete.com Tractors: HP

5 1991 CaseIH WD Tractor with 1,477 Hours, Sold: $57,000 8/13/11 farm auction, southeast Minnesota $57,000 is new RECORD HIGH auction sale price I’ve seen on CaseIH 7110 * it was only a 2WD model, not MFWD ** previous record high auction sale price was $43,000….all way back on 11/26/96 auction

6 1997 CaseIH 8920 MFWD tractor with 1,582 hours, Sold: $88,000 12/3/11 farm auction, northwest Illinois New record high auction sale price Former record price was $71,000

7 1982 Ford TW-20 Tractor with 6,193 hours, 1,416 on recent Overhaul, Sold: $22,000 11/26/11 farm auction, west- central Indiana Highest auction price since July 1997

8 December 7, 2011 Farm Auction North-central Iowa 2009 JD 8130 MFWD tractor with 534 hours SOLD: $146,000 New record high price

9 November 19, 2011 Farm Auction Northwest Ohio 1999 JD 8100 MFWD tractor with 1,340 hours SOLD: $105,000 New Record High Auction Price

10 August 27, 2011 Farm Auction South-central Iowa 2001 JD 7810 MFWD tractor with 618 hours SOLD: $113,000 New record auction price

11 December 10, 2011 Farm Auction Southeast Iowa 1999 JD 7810 MFWD tractor with 1,026 hours SOLD: $92,000 Tied for 2 nd highest auction price on JD 7810 Tractor

12 JD 7810 Tractor Values Calendar YearAve. Auction Sale Price Ave. Dealer Advertised Price 2011$64,170$66, $57,792$64, $64,250$67, $71,556$62, $55,606$64,795

13 August 27, 2011 Farm Auction North-central Indiana 1994 JD 7800 MFWD Tractor with 1,340 hours SOLD: $70,000 Tied 3 rd highest auction price

14 12/28/11 Farm auction Northeast Missouri 1998 JD 7510 MFWD tractor with 830 hours SOLD: $82,000 New record high price Old record was $75,000

15 1988 JD 4450 MFWD Tractor with 8,570 Hours, Sold: $41,000 10/27/11 farm auction, southwest North Dakota $41,000 is strong sale price given nearly 8,600 Hours on this tractors * Developing trend through 2011: nice used tractors w/Higher Hours selling for more $$ at auction

16 JD 4455 MFWD Tractor with 8,419 Hours, Sold: $49,000 12/9/11 dealer auction in southwest Kentucky Again, very strong sale price given 8,400+ hours Key factor: this was a “1 Owner” tractor in very good condition, so despite the High No. of Hours, it sold for very strong price

17 Rising Values on JD 4440 Tractors last couple years Number sold over $30K at auction : (4) Number sold $30K+ at auction : (35)

18 What Will this 1982 JD 4440 with 3,428 Hours Sell for on 12/3/11 Auction? Dec. 3, 2011 Farm Auction in Joy, IL 1982 JD 4440 tractor with 3,482 hours, 2 nd owner (neighbor was 1 st owner) How High Will it Go??

19 $37,000 * Outside of famous 3/6/09 farm auction with (3) low hour 4440’s sold for $40K+, this is tied for highest auction price I’ve seen on a 4440 tractor in 6+ years

20 Same 12/3/11 auction in northwest Illinois 1982 JD 4640 tractor with 4,996 hours, 577 hours on JD reman. Engine SOLD: $36,000 Highest auction sale price in 15+ years

21 April 6, 2011 Farm Auction Northwest Ohio 1976 JD 4430 Tractor with 4,361 hours SOLD: $24,000

22 August 27, 2011 Farm Auction North-central Ohio 1975 JD 4430 Tractor with 7,000 hours, 2,000 hours on new JD engine SOLD: $21,500

23 November 29, 2011 Farm Auction West-central Minnesota 1985 AC WD tractor with 3,791 hours SOLD: $23,000 Highest auction price in 10 ½ years

24 The “New” Collector Tractors

25 November 14, 2011 Farm auction East-central Illinois 1974 IHC 1468 tractor, V8 engine, new bearings, clutch & TA SOLD: $22,000 2 nd highest auction price I’ve seen on an IHC 1468

26 Same east-central Illinois farm auction 11/14/ IHC 1206 tractor with 6,730 hours, new TA SOLD: $20,500

27 Tractors from mid 1960’s – mid 1970’s Going Up in Value Rapidly (9) IHC 1206 tractors sold for $20,000+ at auction since 2008

28 Record Auction Price on JD 4020 Tractor June 18, 2011 collector auction in Luverne, MN….Bill DeYeager estate 1969 JD 4020 diesel, PS, console, front-wheel assist SOLD: $50,000

29 Machinery Pete: Talking Classic Tractors

30 Machinery Pete Hits the Road 8/22/09: SW Minnesota Bill DeYager 2-Cylinder Collector Auction

31 It’s About People: Tractor Stories Luverne and Maryanne Schmidt & family, Klemme, IA

32 1966 JD st SN# Luverne Schmidt bought this tractor with his father new in 1966 Didn’t realize they had 1 st SN# until 6-7 years after they bought it

33 1965 IHC st SN# Luverne and sons bought this tractor Spring 2010 One son always liked red tractors better than green

34 Unveiling “New” Deere 30 Series August 19,1972 Colgan Implement, Wyoming, IL

35 Early Days of the Implement Biz Talking with 97-Year old Deere Dealer Joe Colgan

36 Harold Brock The Man Behind Red/Gray Ford 8N’s Chief Engineer on Ford 9N & JD 4020

37 Values on Antique Tractors AC WD45’s Calendar YearAve. Auction Price 2011$1, $1, $2, $1, $1, $1, $1, $1,463

38 Farmall B Calendar YearAve. Auction Price 2011$1, $1, $1, $2, $1, $1, $1, $1,275

39 Farmall C Calendar YearAve. Auction Price 2011$1, $1, $1, $1, $1, $1, $1, $1,260

40 Farmall H Calendar YearAve. Auction Price 2011$1, $1, $1, $1, $1, $1, $ $866

41 Farmall M Calendar YearAve. Auction Price 2011$1, $1, $1, $1, $1, $1, $1, $1,041

42 IHC 560 Calendar YearAve. Auction Price 2011$2, $2, $3, $2, $2, $2, $2, $2,501

43 Ford 8N Calendar YearAve. Auction Price 2011$1, $1, $1, $1, $1, $2, $2, $2,191

44 Massey Harris 44 Calendar YearAve. Auction Price 2011$1, $ $1, $1, $1, $ $ $896

45 Oliver 77 Calendar YearAve. Auction Price 2011$2, $4, $1, $1, $2, $2, $1, $1,115

46 JD A Calendar YearAve. Auction Price 2011$2, $1, $2, $2, $1, $1, $1, $1,138

47 JD B Calendar YearAve. Auction Price 2011$1, $1, $2, $2, $1, $1, $1, $1,362

48 JD 70 Calendar YearAve. Auction Price 2011$5, $3, $6, $5, $3, $2, $2, $2,408

49 JD 4020 Calendar YearAve. Auction Price 2011$9, $9, $8, $8, $8, $8, $8, $7,461


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