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Whoa! A 13-year-old Peterbilt brings $66,500 at auction
A 2007 Peterbilt 379 showing 837,875 miles brought a $66,500 this morning during a Bigiron.com online sale.
The truck was certainly well equipped featuring a UniBilt sleeper, 650 hp. Cat C15 diesel, Eaton Fuller 18-speed transmission, 285/75R24.5 tires rated in good condition, aluminum wheels and an air ride cab. But the used semi market is currently swamped with late-model used trucks as a result of a year-long slowdown in the trucking industry.
Still, Peterbilts, particularly Model 379s, defy price trends setting their own values.
I checked asking prices for Pete 379s and found them ranging from $44,500 up to $77,500 for trucks with similar miles to the truck that sold on the Bigiron.com sale.
How did farm machinery fair at that sale?
The Bigiron.com auction turned up several interesting prices on key pieces of farm equipment which included:
• A fully loaded 2013 Case IH Steiger 600 Quadtrac with 3,614 engine hours brought $150,000 after a flurry of 251 bids.
• A 2015 Deere S660 STS with just 714 separator hours and featuring a three-speed transmission, 520/85R42 duals and bin extension sold for $139,111.
• A 2014 Case IH Magnum 280 with only 464 hours and duals all around, front axle suspension, five hydraulic outlets and AFS Pro 700 monitor sold for $135,000 after 235 bids.
• A 2018 Landoll 6231-36 (36 foot) disk with 231/2-inch front blades and 24-inch rear blades set on 9-inch spacings and a hydraulically-adjustable tongue brought $46,300.
• A Sunflower 6337-37 (37 foot) disc mulch finisher brought $36,000 after 184 bids.
All those values indicate strength in the used equipment markets as agriculture heads into spring planting.
Massive number of online sales still ahead
Strong sale prices aside, the COVID-19 pandemic has had its impact on the used equipment marketplace in that we are seeing a massive number of auctions yet to be held this spring. “In a typical year, you'd see the big spring auction season starting to wind down, but with the situation as it is right now, everything is a little off-kilter,” observes Kyle McMahon of Tractor Zoom, an online auction listing and search site representing over 300 auction companies. “We've got a total of 27 auctions between now and Saturday, and there's some very nice equipment still up for grabs! Get your shopping list out!”