Machinery Pete: John Deere 7200 12-row planters up 38.5% in value
$25K seemed on the high side to me, so I did some digging and went into our web site to pull out all the John Deere 7200 12-row planters we've seen sell at auction over the last 10 years. Wow, talk about some interesting facts.
I found that John Deere 7200 12-row planters have really gone up in value here in 2008. Up a whopping 38.5%! Check out the stats below. Also note how the average auction sale price on John Deere 7200 12-row planters is currently higher ($17,568) than the average dealer advertised price ($17,023). Wow.
So far in 2008, I've seen four John Deere 7200 12-row planters sell for at least $25,000 at auction, with a high sale price of $27,000 on a farm auction in west-central Michigan on March 20, 2008. I had to go back almost five years, to December 13, 2003 to find a higher auction sale price.
Check it out for yourself, click here to view all our auction prices on John Deere 7200 12-row planters going back to 1998.
- Auction prices tend to spike significantly higher from December to March. I guess that's to be expected with planting season on the horizon. Time and again the highest auction sale price on John Deere 7200 12-row planters on a yearly basis came during this time window. Of course, knowing this should tell you two things: If you're looking to buy, try to buy in the summer and fall months. Second, if you're selling, sell from December to March.
- Highest auction prices came from Ohio/Indiana/Michigan area and northern Iowa. Again, knowing this fact can be powerful if put to use. If you're selling a John Deere 7200 12-row planter and you're in Illinois, Minnesota, or Kansas, why not advertise your planter for sale in papers and/or web sites in Iowa and Indian/Ohio/Michigan? If you're in Ohio/Indiana/Michigan or northern Iowa and looking to buy, maybe you should look elsewhere to save a few bucks.
- With auction prices so high right now, might be wise to go the dealer route. Look at our facts, the average auction sale price on a John Deere 7200 12-row planter is currently higher than the average dealer advertised price. Amazing, but true. Sure, used inventory levels on dealer's lots are tight, they have been for some time now, but don't give up. Maybe spread your search out a little further to find that dealer sitting on two or three of them.
- Don't be afraid to ask for a little more $$ if you're selling. Again, just look at the facts here folks. The average auction sale price is up 38.5% so far this year. Look at our average price data table above. See how the average auction price on John Deere 7200 12-row planters had been running in that $12,685 to $13,272 range from 2004-2007? Easy to fall in line with those steady figures, figure that's the just the what they're worth. Not anymore. They're worth more now. If you haven't been out to many sales lately, you wouldn't know. Heck, even dealers are needing to catch up on these rapidly rising values.