Excuse me?

Did I read that sale bill right? Does it say that tractor only has "2" hours on it? Yep, I read it right. The sale bill was back a couple months ago from an auction held in northeast South Dakota. The sale featured a 2005 model Deere 9420 four-wheel drive tractor.

My attention piqued. I was very interested to see what the heck that tractor would sell for. It had 46-inch triples, was auto steer ready, had four hydraulics, 48 GPM hydraulic pump, front and rear weights along with a factory warranty.

It sold for $158,000.

Click here to download a PDF to see what other late-model, four-wheel drive tractors have been selling for at auction over the last year and a half or so.

Looking to buy, sell or trade a slightly older four-wheel drive tractor? Then you might be interested in the 13 Deere model 9400s we've seen sell at auctions around the country so far in 2006.

Three have sold in excess of $100,000. An exceptionally nice 1997 model with 1,245 hours on it sold for a healthy $111,500 in southeast Minnesota; a 2001 model with 912 hours brought $100,000 on a southwest Nebraska sale and a 2001 model, with 1,024 hours, went for $104,000 last month on an auction held in northeast North Dakota.

Here's the breakdown on JD 9400 values.

Click here to download a PDF of John Deere 9400 4WD tractor auction sale prices for the past six years.

Talk about holding their value. 9400s are actually selling for more money right now on the open auction market than they were five years ago, when they were just a few years old. Amazing.

But then again, if the newer model series are selling for $120K to $150K at auction, I can see why the slightly older models are in high demand.

Data compiled by Machinery Pete. Click here to view more auction data from Machinery Pete.

Excuse me?