The first month of the year started off strong with more than double the number of lots advertised in January 2023 over the same month in 2022.
Read on to learn about the top auction sales across several equipment categories and look at what values have increased and decreased for both auction and retail markets.
The highest-selling 300+ HP tractor at auction was sold by Rediger Auction Service for $471,250.
Specs for the 2018 Case IH Steiger 620 Quadtrac include:
According to Tractor Zoom data, 300+HP row crop tractors with 0-1000 hours averaged over $311,000 at dealerships in January 2022 and in 2023, increased around 6% to 332,000.
Browse 300+ HP Case IH tractors for sale on Tractor Zoom.
Specs for this 2014 John Deere S660 include:
While the average sale price for all Class 6 combines sold at auction in January was just over $36,000, this John Deere S660 was the only combine sold during the month that had less than 2,000 separator hours, which is likely why it grabbed a premium sale price.
Interested in more? Browse combines for sale on Tractor Zoom.
In January 2022, 1775NT 24-row planters were valued at over $255,000 at dealerships and increased about 3.5% to over $264,000 in January 2023.
As you take stock of your equipment needs this year, check out other available Kinze planters for sale on Tractor Zoom.
While Tractor Zoom primarily focuses on farm machinery, we also advertise a variety of construction equipment sold at auctions and dealerships around the country. Browse our full selection of construction equipment for sale.
A year ago, we launched the Price Prediction model in What’s it Worth? and since then, we’ve made over 13,000 predictions. Price Prediction utilizes Tractor Zoom’s extensive database of equipment auction data, plus measures of inflation and cutting edge machine learning techniques to predict the auction sale price of a piece of farm equipment with a high degree of precision.
View all Price Prediction make/models.
Tractor Zoom Founder & CEO Kyle McMahon presented equipment pricing and volume results for 2022 at the Iowa Ag Expo and discussed how those trends affect equipment value this year.
Between 2018-202, row crop tractors in the 175-300 HP range saw decreasing prices. Beginning in May 2020, due to asset accumulation in the market and improved net farm income, row crop tractors have skyrocketed, up an average of 45% across the entire United States. Currently, there are no data points in the market that indicate OEMs will deliver more equipment, creating a surplus and a decline in value. Instead, equipment values should continue to climb.
Combines are typically the first to move in a market and follow a cyclical pattern. According to Tractor Zoom data, combine values are beginning to level off or slightly decline. We attribute this to OEMs delivering machines back to the market, fewer combines currently in the market, and that farmers have already upgraded their combines and thus there is less demand.
This year, factors to watch that will affect the market include:
Tractor Zoom is connecting farm equipment sellers and buyers faster than ever before. Finding farm equipment at auction or at a dealership has never been so easy.