Used Tractor Auction Values Key Market Shifts and Price Variations

U.S. Used Tractors 100 Horsepower and Greater

Inventory levels in this market decreased 1.99% month over month in January but increased 10.84% compared to year-ago levels. Overall, inventory trends are holding steady. The categories driving these changes were used 100- to 174-hp tractors, down 3.34% M/M, and used high-horsepower (300 hp or greater) tractors, up 20.49% year over year.

Asking values ticked up slightly M/M, by 0.23%, but fell 5.33% YOY, led by used high-hp tractor prices, which fell 5.83% YOY.

Auction values were similarly mixed, up 0.82% M/M but down 8.51% YOY. Used high-hp tractors led here, too, compared to other categories, up 1.5% M/M and down 9.22% YOY.

The EVI spread, which measures the percentage difference between asking and auction values, fell to 38%, slightly lower than the peak values observed in 2015. The EVI spread was 40% in December 2024.

U.S. Used Compact and Utility Tractors

Inventory levels in this market have been trending down for three months. This continued in January, with inventory down 3.9% M/M and 22.87% YOY. The used 40- to 99-hp tractor category showed the largest M/M inventory change, down 4.44%, while the used less-than-40-hp tractor category experienced a 26.31% YOY inventory decrease, the sharpest decrease among all categories.

Asking and auction values have both been trending down for 11 months. Asking values lifted slightly M/M, by 1.19%, but decreased by 3.61% YOY. The used 40- to 99-hp tractor category had the largest M/M increase at 1.26% and the largest YOY decrease at 3.74% compared to other categories.

Auction values were up 1.29% M/M but down 4.35% YOY. Used 40- to 99-hp tractor auction values increased by 1.81% M/M, more than other categories. The used less-than-40-hp category posted the greatest YOY auction value decrease, down 5.41%.

If you need any further help or have any questions about service, tractors, implements, or anything else equipment-related, please contact your dealer, local mechanic, or call us at 602-734-9944.  Please ask about our current new and used tractor supply.

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