Used Equipment: Market Values & Trends

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Content of this column is based on actual local and regional pricing compiled by Greg Peterson, known to the industry as Machinery Pete. Since 1989, Machinery Pete has compiled more than 500,000 auction prices on used farm and construction equipment sold throughout North America. Peterson has built a network of 1,000 regional auctioneers, 600 ag lenders, 2,000 implement dealers and thousands of farmers throughout the U.S. and Canada.

ARTICLES

Ask the Expert: Growing Sales Bench Strength Part 1: Finding Young Talent

By Casey Seymour posted on March 7, 2021 | Posted in Best Practices, Department Management

The hardest part of any sales manager or sales lead’s job is dealing with salespeople. Typically, salespeople are hard to keep between the ditches.

Ask the Expert: Here’s to New Beginnings

By Casey Seymour posted on January 29, 2021 | Posted in Used Equipment Remarketing

If I have heard this joke once, I have heard it a thousand times. “The best thing about 2020 is that it over!” 2020 was a year filled with challenges — everything from a pandemic to someone paying you to take their oil, literally.

Ask the Expert: Supply & Demand: The Tale of Two Markets

By Casey Seymour posted on March 9, 2020 | Posted in Used Equipment Remarketing

The run-up to the 2014 auction season was one of disbelief and dismay. The amount of used equipment on the market was no joke, and it was getting worse every day.

Ask the Expert: Looking Back on the Used Equipment Market in 2019 – The Year That Wouldn’t Die

By Casey Seymour posted on January 24, 2020 | Posted in Used Equipment Remarketing

I talked to many people in 2019. All of them had a similar story to tell about the year: it wasn’t terrific. It was either too wet or too dry; planting was hot and dry or cold and wet.

Machinery Pete: Two Tractors Sold at Different Times

By Greg Peterson, Machinery Pete posted on September 29, 2017 | Posted in Used Equipment Remarketing

August and September 2017 were fairly bearish months in terms of farmer sentiment due to a couple of negative USDA crop report estimates.

Machinery Pete: Takeaways from the Combine Market

By Greg Peterson, Machinery Pete posted on August 18, 2017 | Posted in Used Equipment Remarketing

There was a large absolute dealer auction held on Aug. 8, 2017, in north central Illinois. It’s always fascinating to compare wholesale auction sale prices from dealer/consignment/online auctions vs. traditional farm auctions.

Machinery Pete: Insights on Big Square Balers

By Greg Peterson, Machinery Pete posted on July 26, 2017 | Posted in Used Equipment Remarketing

Let’s talk big square balers. I saw a very nice 2011 model Massey Ferguson 2150, one owner, only produced 7,800 bales, sell for $51,000 at a farm auction in northeast Iowa.

Machinery Pete: Diving Into Combines Values & Trends

By Greg Peterson, Machinery Pete posted on June 8, 2017 | Posted in Used Equipment Remarketing

June 1, 2017, was the day John Deere unveiled its new S700 Series combines. I posted a video from the event at lunch time that day. I suspected there would be a lot of interest out there in farm country. By the next morning the video had 7,385 views.

Machinery Pete: Timing Bucks the Trend of Auction Type

By Greg Peterson, Machinery Pete posted on April 19, 2017 | Posted in Used Equipment Remarketing

I’m sure too it’s no surprise to you hear me say that over nearly 3 decades tracking auction sale price data I’ve found “farm” auctions tend to produce the strongest sale prices. This makes sense.

Machinery Pete: 2 Trends to Watch in March

By Greg Peterson, Machinery Pete posted on March 3, 2017 | Posted in Used Equipment Remarketing

Trends with used farm equipment values are always top of mind with me as I pour through the different types of data (auction price data, dealer listing price data, search traffic data) our Machinery Pete business churns out daily. There are two trends I want to pull forward and touch on here with you as the calendar flips to March 2017.

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