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Case IH 8920 tractors skyrocket in value

GREG PETERSON Updated: 05/24/2013 @ 10:06am Greg Peterson writes "Machinery Pete" column for Successful Farming magazine and appears on the Machinery Show on RFD-TV, talking about trends in the used equipment market

The numbers are shocking.

The 155-hp. Case IH 8920 two-wheel-drive tractors, now 15-plus years old, are worth 50% to 100% more money vs. back in the calendar year 2001 when they were only two to three years old. See for yourself:

Three new record-high auction sale prices (pictures below) on Case IH 8920 two-wheel-drives since late November 2012. Wow. The most recent new record-high auction price ($81,000) goes a full $10,000 over the previous record price set just one month earlier. Double wow. And lastly, the Case IH 8920 two-wheel-drive tractor that sold for $81,000 was on a consignment auction in northeast Texas.

Triple wow.

Don’t think for a second this rising value trend on older used tractors in good condition is limited to just Case IH 8920s. No, it’s been a flood of new record auction sale prices on all makes and models sold all across North America here the past 10 months. If you follow my Machinery Pete Facebook page, you’ve seen the daily bread crumb trail:

Click on the link below to view more of my auction sale price data I’ve compiled on two-wheel-drive Case IH 8920 tractors over the past 15 years:

  • 1998 Case IH 8920 2WD with 461 hours sold for $81,000 on 4/10/13 sale in northeast Texas

  • Case IH 8920 2WD with 1,824 hours sold for $71,000 on 3/9/13 sale in west-central Michigan

  • 1998 Case IH 8920 2WD with 3,106 hours sold for $69,500 on 11/24/12 sale in northwest Illinois

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