Many factors have impacted the tractor markets these past few years, with the pandemic and fears of a coming recession being some of the more major ones. While some of the negatives have shown themselves, such as with smaller tractors, there have also been surprising increases in value despite these factors and increasing inventory. With tractor values on the rise, now might be the time to analyze if it is time to sell your tractor.
According to AEM, there has been a market value increase for two specific types of tractors: 100+ HP tractors with two-wheel drive and 300+ HP Tractors. For 100+ tractors, the value grew by 22.8% in the US, showing a continued month-by-month rise that has been increasing throughout 2022.
300+ HP Tractors have also been on the rise, according to Sandhills Global, which showed them steadily increasing by 1.84% M/M and 12.52% YOY against decreasing inventories, which is down 21.13% from last year. The auction value for used high HP articulating tractors increased by 18.04%, with row crop tractors rising by 16.8%
Now is the time to examine whether or not you should auction your tractor. With DPA, you are guaranteed to be treated like family, not just a client: we want to give you the best experience possible with enhanced marketing, and streamlined sales through a straightforward, no-hassle auction process. We also offer the lowest commissions in the industry, making you and your equipment our top prerogative.