I've written, blogged and spoken quite a lot over the last couple years about the trend of RISING buyer demand for good condition 8-10 plus year old Tractors and Combines and how this rising demand has been resulting in some very strong auction sale prices.
Like $137,000 for the 2008 model CaseIH 2588 combine with 1167 engine hours on a farm auction in southeast Minnesota on November 17, 2018...highest auction price on a 2588 combine in 40 mo. Or $187,000 for the 2008 model John Deere 8530 tractor with 904 hours on a farm auction in west-central Iowa...highest auction price on an 8530 in 4 years.
But you know what folks, it's not just 10 year old Tractors and Combines in good condition that are selling very strong...its Sprayers too.
Like this 2009 John Deere 4830 with 1413 hours sold for $152,000 yesterday (February 12, 2019) on an online farm auction in northeast Iowa by DPA Auctions (http://www.dpaauctions.com).
$152,000 is the highest auction sale price on a John Deere 4830 sprayer in 20 mo., since another 2009 model 4830 with 742 hours sold for $166,000 on a June 17, 2017 farm auction in central Illinois. Here's a picture of that 4830:
Another sure sign of how HOT good condition 10-ish year old used sprayers are is the very tightness between the Avg. Auction Price and current Avg. Dealer Advertised Price. If we examine 2009 model John Deere 4830 sprayers, check out the facts:
* Avg. Auction Price: $103,492
* Avg. Dealer Advertised Price: $117,610
* Machinery Pete Ratio = 88.0% (Ratio of Avg. Auction Price / Avg. Dealer Ad Price)
For perspective, going back 19 years to when I also began to compile dealer advertised price data in addition to our auction sale price data, the historical standard on this "Machinery Pete Ratio" has run in the 71-76% range. Whenever the Machinery Pete Ratio drifts higher, above 80%...that is sure sign of a HOT item.
Like good condition 10 year old used Sprayers (and Tractors, and Combines).
For more perspective, here's a look at the Avg. Auction Price on John Deere 4830 sprayers over the past few years, along with the Highest auction sale price on a 4830 for each calendar year.
Avg. Auction Price on John Deere 4830 Sprayers / Highest Auction Price That Year
* Data by http://www.MachineryPete.com
Here's a look at the last 10 John Deere 4830 sprayers sold at auction, including a 2010 model with 1833 hours sold today for $119,500 on an online farm auction in east-central Iowa.
Recent Auction Prices on John Deere 4830 Sprayers
* Data by http://www.MachineryPete.com
Here's link to (110) John Deere 4830 sprayers for sale today: https://www.machinerypete.com/applicators/self-propelled-sprayers/john-deere/4830
Here's link to searchable list of (39) self-propelled Sprayers for sale on Upcoming Auctions all over, updated daily, keep checking back: https://tinyurl.com/y3se6zsw