Used 4WD tractor values rise
One of the hottest segments currently in the used farm equipment market? Older four-wheel drive tractors in good condition.When I say "older" I'm talking maybe 7 or 8 years old all the way out to 30+ years old.More proof rolled in to my office recently with a sale price report from my friends at Bauer Auction Service in Windsor, IL. They had a nice farm auction January 17th. On this sale was a 1995 CaseIH 9230 4WD tractor with 3,624 hours.
It sold for $59,500.
Click here for a slideshow of other items sold on this January 17, 2011 farm auction in east-central IllinoisThis trend of increased premiums being paid for nice older four-wheel drive tractors holds across all colors of the equipment rainbow and also all regions of the country.
That made it the second highest auction sale price I've seen on a 9230 since April 1998. The only 9230 I've seen sell higher at auction came back on January 6, 2004 on an auction in east-central Nebraska where a 9230 with only 1,372 hours sold for $60,000.
We've already seen red with our CaseIH 9230, how about orange? I'd point out the 1982 AC 4W305 tractor with 4,598 hours sold for $34,000 on a farm auction November 22, 2010 in west-central Illinois, a new record high price. Here's our Youtube video from that sale by Sullivan Auctioneers in Hamilton, IL:
White? Ok, how about the 1979 Case 4490 with 1,736 hours that also sold November 22, 2010, on a farm auction in north-central Ohio. It was a "2nd owner" tractor in good condition and went for $22,000. Yep, another new record high auction sale price.
Green? We're off to northeast Missouri on a December 1, 2010 farm auction where a 1976 JD 8630 4WD with 7,557 hours sold for $24,000, making it the highest selling 8630 I've seen at auction since 2001.
More green, a 1997 JD 9300 4WD with 3,467 hours sold on a west-central Minnesota farm sale November 17, 2010 for $108,000. Once again, another record high auction sale price. The old high price was $103,000.
I'm watching for this trend to continue. Tough to find really nice low hour used four-wheel drive tractors with a bit of age on them. When they do show up for sale, folks are paying more to get them.
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