Auction Prices Tick Up in November

The latest Sandhills Global market reports, released December 9,  shows auction prices for agricultural equipment ticked up month over month in most categories in November (the compact and utility category was an exception), with combines leading the other farm equipment categories.

TractorHouse Manager Ryan Dolezal says high-horsepower tractor and combine inventory is still climbing while asking values are coming down. 

He says, “In both categories, auction values have been increasing but are now on a steady trend. Combine auction values increased more than other categories from October to November. Compact tractors, on the other hand, showed decreases across the board in inventory levels, asking values, and auction prices.”

Inventory levels of used combines in Sandhills’ U.S. marketplaces were up just shy of 1% month-over-month and 0.91% year-over-year in November. Inventory levels are trending down, reflecting a seasonal dip during harvest season, and are expected to rise.

Asking values ticked up 1.66% month-over-month, but dipped down by 1.45% year-over-year, and are trending steady.

Auction values were up 5.5% month-over-month, but down 7.53% year-over-year, and are trending steady, the report notes. 

The Equipment Value Index spread fell from 56% in October to 51% in November but that figure is still higher than the previous record highs of 2015.

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