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Used tractor values up last year, decade

GREG PETERSON Updated: 01/03/2013 @ 2:53pm 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

Used tractor values have gone up. It’s a simple fact.

You know this is true if you follow my breadcrumb trail of auction sale price data and commentary. Quite often I drive the point home by highlighting another new record-high auction sale price from somewhere around the U.S. or Canada. But I don’t need record prices to prove that used tractor values have gone up. 

Let’s look at Case 2390s as an example.

Case made the 160-hp. 2390 model from 1978 to 1983. A quick check in our www.machinerypete.com website’s calculator pricing tool and I found this data showing Case 2390 values over the past 10 years.

So Case 2390s are now 30-plus years old, but worth 22.5% more than a year ago and 15.1% more than a decade ago (2002) when they were only 20-some years old. As I’ve been saying, used tractor values have gone up.

Clear proof came again last week on a December 27, 2012, dealer auction in north-central Iowa, where a 1979 Case 2390 tractor with 4,895 hours (400 hours on rebuilt transmission and 300 hours on engine overhaul) sold for $17,000.

www.Machinerypete.com (1-yr. subscription $69.95; 1-week $10)

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