U.S. Used Tractor Auction Values: Key Market Shifts & 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%.
Trade Values & Trends is brought to you by TractorHouse.
TractorHouse is your headquarters for buying and selling new and used farm equipment. TractorHouse.com offers an intuitive platform for listing agricultural equipment and attachments for sale. And if you're wondering what your equipment is worth, Value Insight Portal (VIP.TractorHouse.com) delivers fast and accurate valuations for free. TractorHouse.com and TractorHouse magazine give buyers quick and easy access to thousands of for-sale listings for tractors, harvesters, seeders, planters, hay and forage equipment, tillage equipment, ag trailers, and any other type of ag machinery from every major manufacturer. Visit TractorHouse.com today to find out more.
Click here to view more from this series.