According to the newest Sandhills Global market reports, auction values for used equipment, trucks and trailers in Sandhills' U.S. marketplaces were up overall in December auctions, reflecting a typical end-of-year trend. Auction values for late-model assets, however, continue to depreciate dramatically. For example, 2021 and 2022 model year combine harvesters were 21% to 25% lower in December compared to year-ago values.

Assessing concerns regarding the used agricultural equipment market specifically, TractorHouse Manager Ryan Dolezal says, “We don’t believe the farm equipment market has bottomed out. Several variables, such as tariffs, trade wars, and commodity prices, remain to play out. Sellers should remain vigilant about these variables and their possible effects and update prices accordingly. Prices that were reasonable six months ago may no longer be competitive.”

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Inventory levels of used combines in Sandhills’ U.S. marketplaces were up 3.19% month-over-month and trending sideways in December but were 2.76% lower than year-ago levels.

Asking values increased 2.09% month-over-month, maintaining a steady trend, but were 3.73% lower year-over-year.


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