Used Combine Inventories Drop in February

According to the March 5 Sandhills Global used equipment Market Reports, average combine asking prices were flattish year-over-year and month-over-month in February. 

Asking prices for used Class 4-7 combines were down 3%. Asking prices for Class 8 combines and higher were also down 3%. Average auction prices for combines were up 1% year-over-year and month-over-month.

JP Morgan analyst Tami Zakaria noted that inventory for used combines was down 6% year-over-year, with an increase in Class 8+ combines more than offset by a decline in Class 4-7. On a monthly basis, inventories were up 2% for combines. 

As of AEI’s latest Dealer Sentiments & Business Conditions Update, a net 30% of dealers reported their used combine inventories were too high in January, up 1 point from those who said their combine inventories were too high in December. 

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