We know the cost of new Tractors (and all farm equipment) has gone nothing but UP, UP, UP over the years.
So has value of good used Tractors.
Here’s some very interesting proof for you…from our Machinery Pete Auction Price Data (now FREE to view, updated daily: www.MachineryPete.com/auction_results) a look at the highest auction sale prices on 20 Year Old Tractors each of the past 20 years going back to 2001.
HIGHEST AUCTION PRICES ON 20 YEAR OLD TRACTORS PAST 20 YEARS
Wow…so we’ve gone from a high hard cash auction sale price in the high $20K range on a 20 year old tractor 20 years ago, in 2001, all the way up to $137,600 (US) on the 2001 JD 7810 with 1747 hours sold on 3/13/21 farm auction in Essex, Ontario, Canada. Here’s a picture of this beauty.
The previous high auction sale price on a 20 year old Tractor was $114,000 for a 1993 model JD 4960 with 3045 hours sold on a 1/24/13 farm auction in Cedarville, OH. Here’s a picture of that 4960.
I wonder how HIGH a 20 year old 2021 model Tractor will be worth 20 years from now in 2041…???
Can’t wait to find out.
Here’s link to view (77) 20 year old 2001 model Tractors for sale today: tinyurl.com/MachineryPete-20YrOldTractors
Pete
Machinery Pete
www.MachineryPete.com