U.S. Used Tractors 100 Horsepower & Greater
- Inventory declined 2.5% M/M and 0.66% YOY, led by a 4.8% M/M and 9.6% YOY drop in the 100-174 HP category
- Asking values fell 1.9% M/M and 6.4% YOY, with 300+ HP tractors showing the steepest declines.
- Auction values dipped 2.1% M/M and 4.1% YOY but remained flat overall.
- The EVI spread held steady at 38%, below 2015 peak levels.
U.S. Used Combines
- Inventory levels of used combine harvesters decreased by 0.11% M/M in May and were down 5.54% compared to year-ago levels. Despite the decline, this market is trending up.
- Asking values maintained an upward trend, rising 0.95% M/M and 0.15% YOY in May.
- Auction values continued a five-month upward trend in May, increasing 2.43% M/M and 7.71% YOY.
- The EVI spread continued to fall, reaching 42%, which is lower than peak values observed in 2015.
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