A machinery marketer says inventories of used tractors and equipment are growing. Sandhills Global publishes Equipment Trader. Sales Manager Mitch Helman says inventories across all used tractor categories were higher in February than a year ago.
Helman says the inventory of used compact and utility tractors increased faster than higher-horsepower farm tractors. He encourages farm equipment sellers to monitor changing trends in the spring market.
Sandhills Global data says February farm equipment inventory levels were up 2.78% over January and 15.99% over February of 2022. They also report asking price values remained strong with values up more than 11% from a year ago. Auction values dipped from January but were up almost 9% from a year ago.
