Hello beautiful.
This sweet 1999 JD 8400 with only 2822 hours sold for $86,750 last Saturday (September 21, 2019) on the Niehus farm estate auction in Remsen, IA (northwest Iowa) by our friends at the Iowa Auction Group (www.iowaauctiongroup.com). $86,750 is the 2nd highest auction sale price this year on an 8400 and the 5th highest auction price the past 6 1/2 years.
HIGHEST AUCTION PRICES ON JD 8400 TRACTORS PAST 6 1/2 YEARS
- Data by www.MachineryPete.com
Note how 4 of the 5 highest auction prices the past 6 1/2 years have all come since the start of last year, January 2018. Interesting. Also interesting to know that 3 of the 4 highest auction prices came on farm sales by our friends at Sullivan Auctioneers (www.sullivanauctioneers.com). Here’s video of the highest seller…an amazing 1999 model with 2536 hours sold for $100,000 on January 10, 2018 farm auction in Van Buren, IN: https://www.machinerypete.com/media_posts/1999-john-deere-8400-with-2536-hours-sold-for-100-000-today-on-indiana-farm-auction
Also interesting to note that the Avg. Auction Price on JD 8400 tractors is actually the highest right now its been in 5 years:
AVG. AUCTION PRICE ON JD 8400 TRACTORS
- Data by www.MachineryPete.com
And how about this…the current Avg. Auction Price ($46,542) is barely trailing the current Avg. Dealer Advertised Price on JD 8400’s ($50,620). That’s a “Machinery Pete Ratio” of a whopping 91.9% (Avg. Auction Price / Avg. Dealer Advertised Price. Historical norm the past 16 years for “Machinery Pete Ratio” runs in 71 - 76% range).
Link to (22) JD 8400’s for sale today: https://www.machinerypete.com/tractors/175-hp/john-deere/8400
"Tractor Specs" on JD 8400’s: https://www.machinerypete.com/specs/john-deere/8400/7505
RECENT AUCTION PRICES ON JD 8400 TRACTORS
Pete
Machinery Pete
www.MachineryPete.com