Used Equipment Update: High-Horspower Tractor Inventory Up 19.5%

In our last episode we looked at the used combine market. This time we’re going to turn our attention to tractors with 100+ horsepower. According to Sandhills Global, used high horsepower tractor inventory levels have been trending upward for 6 months despite a slight month-over-month decrease in December. 

Inventory was up 19.5% year over year. The used 175- to 299-horsepower tractor category showed the largest month-over-month inventory decrease at 2.2%, while the used high-horsepower, which is 300 horsepower and greater, category led the way in year-over-year inventory increases at 29%.

Asking values decreased 1.5% month-over-month and about 8% year-over-year in December, continuing an 8-month-long downward trend. Used 175- to 299-horsepower tractor asking values declined more than other categories, posting 1.76% month-over-month and 10.38% year-over-year decreases.

Watch the full version of this episode of On The Record