used market pricing come back to earth

   / used market pricing come back to earth #1  

ArlyA

Super Member
Joined
Mar 18, 2016
Messages
9,509
Location
Houghton MI (the Lake Superior snow belt) USA
Tractor
Polaris Boss 6x6 with pods (tracks) Center actuating lawn mower by Husky
Caught this on youtub feed this morning. I agree, prices are coming down.
 
   / used market pricing come back to earth #2  
I agree with this guy when he suspects this market weakening will be across the board.
 
   / used market pricing come back to earth #3  
As inflation increases and liquid income decreases, discretionary purchases drop.
 
   / used market pricing come back to earth
  • Thread Starter
#4  
$10 says used tractor prices will be coming down as well. :)
 
   / used market pricing come back to earth #6  
I walked in Lexington motor sports yesterday(ky) and was shocked at the amount of HUGE utv’s. Was in back in the summer and there was just a handful. I don’t keep up with models(I’m a mx’er) but these monstrous things look expensive. Huge pieces of equipment.i had a 2008 teryx and its like a model T compared To what they have become. Huge touch console screens, very comfortable. Didnt as price but i bet it’s in the $20k’s. Literally a 100 or more parked a foot and a half apart.

on edit, i just looked and some of these beasts are $45k, most are in the $30k’s
 
   / used market pricing come back to earth #8  
I want a bigger mini excavator with cab and ac. Already seeing ones reasonably priced compared to a year ago. Going to wait a little longer unless the perfect one pops up.
 
   / used market pricing come back to earth #9  
Insane interest rates shove a large percentage of buyers to the sidelines.
Demand decreases
So naturally, Supply increases
Then Prices fall
 
   / used market pricing come back to earth #10  
Well I haven't seen this yet around here. Prices of everything are still ridiculous.

An RTV-X1100C has gone up 3 grand since I bought my 2021.
A Grand L3560 with only a loader and rear snowblower has gone from 50 grand pre-covid to 86 grand here now.
I looked at a used Grand L6060 the other day with a loader and backhoe.....90 grand.
A John Deere Gator Signature Edition....just over 50 grand.
My salesman just told me any new Ford trucks that come in now are 19 grand more.

I can't see these prices retracting to where they once were. They might come down a bit but not to where they were pre-covid.
 
 
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