This What’s It Worth? Analysis is requested by David R., a farmer from Arkansas.
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ANALYSIS, EQUIPMENT VALUES
This What’s It Worth? Analysis is requested by David R., a farmer from Arkansas.
As we kick off 2024, David is considering upgrading his 2019 Case IH Magnum 310 row crop tractor, which has about 2,100 hours, to something newer. Before he makes a decision, he wants to know what it’s worth to see what he might expect to receive if he sells at an upcoming auction or as a trade-in at his local dealership.
From an analysis of row crop tractor auction values in the Tractor Zoom Pro database, we find the average price of Mangum 310s sold in the past six months and filtered by hour range between 2,001-2,500 is $172,033.
One of the most recent sales of a Magnum 310 is a 2019 with 1,873 hours that sold for $191,000 on December 15, 2023, at auction in Illinois.
Looking into values on the dealership side, we see the average list price of Magnum 310s at a dealership is $263,119, although that includes machines with model years between 2014-2020 across 570 total dealer listings.
Over the past six months, there have been five 310s with 2,100 hours or fewer listed at dealerships and their average list price is $239,700.
This additional information helps inform David about the direction he could take to trade in or sell at auction.
As of this article publishing, Tractor Zoom has 40 active Case IH Magnum 310s featured on the website with model years starting at 2015.
As the year begins, it’s a great time to look ahead and plan for the equipment you’ll need. Taking into account how active the market is right now for quality row crop tractors will help David decide the best path to sell his 310 to receive top dollar.
In the chart above, you can see the seasonal increase in tractor values between October and December, which reflects the peak demand from farmers buying equipment they need at the end of the year.
It’s important to note that the above is not a complete evaluation or valid estimate of David’s tractor. Additional information, such as hours, drive type, horsepower, or other variables will impact the estimated value.
Sellers looking for an equipment appraisal should work with their bank or local equipment dealer or auctioneer to receive a formal appraisal on their piece of equipment.
Farmers looking to understand and monitor the value of their equipment can build Equipment Lists at Tractor Zoom. Equipment Lists not only help you build an accurate representation of what your equipment inventory looks like and is worth, they also help you prepare the information you need to secure a formal appraisal from a bank or local equipment dealer when it’s time to sell.
To see available Case IH Magnum 310s for sale nearby, or other row crop tractors for sale, search on Tractor Zoom.
If you can’t find the exact year or specs you are currently looking for, save your search on Tractor Zoom to be notified when new equipment matching your needs hits the site.
Once you find a Make/Model you want to keep track of, Favorite that equipment to be alerted when dealer listing prices change, when bidding opens for the equipment, or when the final auction sale price is posted.