U.S. Used Tractors 100 Horsepower and Greater

  • Inventory levels in this market continued their downward trend in August with decreases of 1.85% M/M and 7.52% YOY. The 100- to 174-horsepower tractor category made the biggest impact on inventory in the overall market, with inventory levels dropping 2.87% M/M and 16.55% YOY.
  • Asking prices continued dropping as well, posting decreases of 0.11% M/M and 6.22% YOY in July. 300-plus-HP tractors led other categories in asking price changes with decreases of 0.66% M/M and 6.29% YOY.
  • Auction values are also trending down. Auction values decreased by 0.47% M/M in August, led by the 300-plus-HP tractor category with a 1.45% M/M decrease. Auction values were down 2.95% YOY, with 175- to 299-HP tractors leading other categories with a 4.19% YOY drop.
  • The EVI spread, which measures the percentage difference between asking and auction values, held steady at 39%. This is close to peak values observed in 2015.

U.S. Used Combines

  • Inventory levels of used combine harvesters fell 6.62% M/M and 11.86% YOY in August and are trending down.
  • Asking prices are also trending down, posting 5.84% M/M and 2.82% YOY drops in August.
  • Auction values fell 5.02% M/M but were up 6.17% YOY and are trending sideways.
  • The EVI spread remained at 43%, which is lower than the peak values seen in 2015.