Used Tractor Inventories and Prices Up

A machinery marketer says inventories of used tractors and equipment are growing.  Sandhills Global publishes Equipment Trader. Sales Manager Mitch Helman says inventories across all used tractor categories were higher in February than a year ago.

Helman says the inventory of used compact and utility tractors increased faster than higher-horsepower farm tractors.  He encourages farm equipment sellers to monitor changing trends in the spring market.

Sandhills Global data says February farm equipment inventory levels were up 2.78% over January and 15.99% over February of 2022.  They also report asking price values remained strong with values up more than 11% from a year ago.  Auction values dipped from January but were up almost 9% from a year ago.

EDITOR’S TAKE:

The significant takeaways from this article are the rising inventories and increasing prices. Other than the small horsepower categories, this report clearly demonstrates how strong the demand for ag equipment is right now. It offers us more proof that farmers have money and want to purchase things that improve their farm and lower their tax burden. Precisely the reason they are also looking for new or qualified used trucks on AgTruckTrader.com (AgTT). Many of your fellow CAD members are already on AgTT. It’s easy to get started and it’s free as part of your CAD membership. AgTT specifically targets farmers and ranchers, it is the perfect tool to help you reach this important group of potential customers. Join AgTT today!