U.S. Used Tractors 100 Horsepower and Greater
- Inventory levels in this market continued a 7-month-long downward trend in November, with decreases of 3.37% M/M and 14.64% YOY. Used tractors 300 horsepower and greater posted the most significant M/M inventory level drop at 3.76%, while used tractors 100 HP to 174 HP showed the steepest annual decline with a 22.11% drop.
- Asking prices decreased by 1.33% M/M and 5.5% YOY, continuing a trend for the tenth consecutive month. The largest changes occurred in the used 175 HP to 299 HP tractor category, with asking values down 2.84% M/M and 5.32% YOY.
- Auction values have been trending down for six months in a row but edged slightly higher in November with a 0.11% M/M gain. Auction values were 3.78% lower than last year. The used 300 HP and greater tractor category produced the strongest monthly auction value gain at 1.78%, while the used 175 HP to 299 HP tractor segment experienced the greatest annual contraction, down 3.79% YOY.
- The EVI spread, which measures the percentage difference between asking and auction values, fell two points to 38%, only marginally lower than the peak values observed in 2015.
U.S. Used Combines
- Inventory levels in the U.S. used combine harvester market have been trending down for five months in a row, with a modest 0.71% M/M increase in November but an 11.01% YOY decrease.
- Asking values increased by 2.57% M/M, decreased by 0.57% YOY, and are trending sideways.
- Auction values were up 5.01% M/M and 6.34% YOY in November and are trending sideways.
- The EVI spread for this market fell three points to 39% in November, which is lower than the peak values seen in 2015.
