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Machinery Pete: It's raining combines

Agriculture.com Staff 06/10/2010 @ 10:22am

I sent the following e-mail note to our Machinerypete.com subscribers late last night:

I just got back from covering the big dealer auction in Davenport, Iowa, today by auctioneer Ted Everett. Seven dealer groups had equipment on this auction. (26) combines sold. Here's a quick rundown on the COMBINES:

(all hours listed are engine hours)

  • 2009 JD 9870 STS, 555 hours: $219,000
  • 2008 JD 9770 STS, 853 hours: $180,000
  • 2007 JD 9860 STS, 907 hours: $160,000
  • 2009 CaseIH 8120, 385 hours: $207,500
  • 2007 CaseIH 2588, 816 hours: $146,000
  • 2007 JD 9760 STS, 1,059 hours: $150,000
  • 2007 JD 9660 STS, 1,164 hours: $130,000
  • 2006 JD 9660 STS, 1,006 hours: $124,000
  • 2006 JD 9760 STS, 4WD, 1,285 hours: $137,500
  • 2005 JD 9760 STS, 1,297 hours: $121,000
  • 2005 CaseIH 8010, 1,302 hours: $122,000
  • 2006 JD 9660 STS, 1,415 hours: $98,500
  • 2005 JD 9760 STS, 1,764 hours: $95,000
  • 2001 JD 9650 STS, 2,150 hours: $74,000
  • 2000 CaseIH 2388, 2,431 hours: $56,500
  • 2000 CaseIH 2388, 2,876 hours: $55,000
  • 1998 CaseIH 2388, 1,841 hours: $57,000
  • 1998 CaseIH 2366, 2,408 hours: $48,500
  • 1997 CaseIH 2188, 3,930 hours: $30,000
  • 1996 JD 9600, 3,100 hours: $30,000
  • 1996 JD 9600, 3,878 hours: $27,000
  • 1993 CaseIH 1666, 3,670 hours: $21,250
  • 1993 JD 9500, 4,790 hours: $24,000
  • 1991 NH TR-96, 3,957 hours: $6,500 (kinda rough)
  • 1991 JD 9500, hrs?: $22,500

While this information on sale prices from yesterday's big dealer auction is very interesting and useful in and of itself, I think the real power lies in comparing these sale prices from yesterday's auction with sale prices from other auctions, both recent and back 6 to 12, to 18 months ago.

So let's compare.

Let's look at JD 9760 STS combines. In our web site we have (118) sale prices on 9760 STSs. We've seen (18) sold so far in 2010. Click on the link below to view this sale price data:

As we digest this sale price data, realize what's been happening in the used combine market. There's been a recent shift. Suddenly it seems, the game has changed. Dealers have inventory stacking up. Hence the (26) combines sold yesterday on the dealer auction in Davenport, Iowa. And the (3) CaseIH 8010's sold on the dealer auction Monday (June 7) in Rochelle, Illinois. Also the slug of used combines sold on Purplewave.com's online auction in April as well as big dealer inventory reduction auctions in north-central Missouri and west-central Minnesota in March.

The return of the dealer auction.

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