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Sale prices: California vs. Midwest

GREG PETERSON 02/14/2013 @ 8:36am 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

California here I come.

Tomorrow, February 15, 2013, I will be out in central California covering Ritchie Bros. Auctioneers big Tipton, CA consignment auction. Over 1,600 pieces of equipment on this sale. Should be a fun day.

One angle I’ve always been very interested in with the auction sale price data I’ve been compiling now for 23+ years is what price similar items sell for in different geographic regions. On tomorrow’s central California is a 2007 model CaseIH Puma 180 MFWD tractor with 2,414 hours.

Three months ago, on a November 7, 2012 dealer auction in northeast North Dakota, a 2007 CaseIH Puma 180 MFWD tractor with 2,225 hours and a CaseIH 770 loader sold for $69,500. If we take off the approximate value of the loader, that leaves us with a 2007 Puma 180 with 2,225 hours selling for $60,000 to low $60K range in northeast North Dakota.

Now…what will the 2007 CaseIH Puma 180 with similar hours sell for tomorrow in central California? We’ll see. I will post a Youtube video with highlights of the Ritchie Bros. Tipton, CA auction tomorrow evening.

Stay tuned.

Also on tomorrow’s central California auction are a pair of Case 2090 tractors, one with 6,803 hours, the other a 1983 model with 7,112 hours.

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