Buyer demand for very nice condition older model Tractors has been skyrocketing.
The stats are incredible.
Take for example the JD 8420 model, made by Deere from 2002 - 2005 (Tractor Specs on 8420’s: John Deere 8420 Tractor Specs | Machinery Pete), so 16 - 19 years old now. Avg. Auction Price on JD 8420’s was UP 7.7% last year, from $64,493 up to $69,487. In the past 6+ years 3 of the 5 highest auction sale prices have come in the past 7 months, including this one yesterday on an auction in Auxvasse, MO by our friends at Wheeler Auctions & Real Estate (www.wheelerauctions.com).
2003 JD 8420 with 1950 hours, sold: $128,000
Pete’s Note: “$128K is 4th Highest auction price on 8420 in just over 6 years”
HIGHEST AUCTION PRICES ON JD 8420 TRACTORS PAST 6+ YEARS
Here are pics and info on the 2 other recent high auction selling JD 8420’s.
2004 JD 8420 with 2841 hours, sold: $124,000 on 12/16/20 farm auction, Galveston, IN
2005 JD 8420 with 2051 hours, sold: $133,000 on 7/16/20 farm auction, Sherburn, MN
- Current Avg. Dealer Ad Price on JD 8420 = $72,629
- Avg. Auction Price last year on JD 8420 = $69,487
AVG. AUCTION PRICE ON JD 8420 TRACTORS PAST 6 YEARS
View (24) JD 8420’s for sale today: John Deere 8420 Tractors for Sale | Machinery Pete
Link to view 772,000+ Auction Sale Prices on all types of equipment for FREE, updated daily: www.MachineryPete.com/auction_results
Pete
Machinery Pete
www.MachineryPete.com