Dealers Not Accepting Some Brands on Trade

[DaBear3428]

Yeah, let me know when those “screaming deals” hit.
I see used tractor prices and they’re still about as high as ever.

not around here the prices have reduced about 30% (guesstimate)

 

[Hay Dude]

30%?
That’s unbelievable, no offense intended.
I have seen maybe 0-5% in my area.

 

[arrow]

not around here the prices have reduced about 30% (guesstimate)

Sorry Bear but that can't be.
You are way above the margin with that guess unless dealers were whacking them where you live and it "appears" they're taking that percentage.
That new hemi Challenger they just announced with over 1000 hp, dealers are whacking them to 75K over sticker and the car resides well north over 100K as is.
Now a 30% reduction on that car would seem like a break.

 

[2manyrocks]

I'm not seeing dealers reduce prices much yet in middle Tennessee, but I wouldn't want to be sitting on a lot of inventory right now.

 

[Hay Dude]

I’ve been following 3 different tractors on tractor house that have been sitting since the winter. They are all used tractors in the 55K-75K range. 2 are the same price as 6 months ago and 1 dropped from $70,000 to $69,500.

 

[DaBear3428]

Sorry Bear but that can't be.
You are way above the margin with that guess unless dealers were whacking them where you live and it "appears" they're taking that percentage.
That new hemi Challenger they just announced with over 1000 hp, dealers are whacking them to 75K over sticker and the car resides well north over 100K as is.
Now a 30% reduction on that car would seem like a break.

i'm referring to used market by owner and here there has been a huge increase in the number of listings on facebook and CL and the asking prices have reduced by about the percentage i listed. was i off topic?

 

[DaBear3428]

30%?
That’s unbelievable, no offense intended.
I have seen maybe 0-5% in my area.

in 2022 i could not find anything used and now we are covered up in listings by owner i have not been tracking dealers, and last year at this time prices were going up.

 

[DaBear3428]

I’ve been following 3 different tractors on tractor house that have been sitting since the winter. They are all used tractors in the 55K-75K range. 2 are the same price as 6 months ago and 1 dropped from $70,000 to $69,500.

i have never tracked the auction houses

 

[Hay Dude]

i have never tracked the auction houses

These units were for sale, not auction.

 

[Code54]

I can not say what newer tractors are selling for around here but the old iron is getting more in line recently. I was looking for an old Farmall Cub Lo Boy to restore and the prices were crazy (3-4k for ones that need a LOT of work, I mean just a bit better than a parts machine). Anyway, I noticed they have been dropping quickly, they post on FB Market place at 3 or 4k, sit for a month, drop a grand, sit another month and drop another grand, etc. The one I bought was up at 3k but sold for 1900 in very good shape with a good mower.