Posted by JD Seller on August 31, 2013 at 08:18:26 from (208.126.196.144):
Seeing Old's post about the salvage yard auction made me think about how the values of the old tractors is changing. These type of things cycle over time.
I can remember buying a JD "G" in 1978 for $250. Ten years later I had a hard time getting $500 out of it in good running condition. It was not painted up fancy but it ran well. I had used it for several years as a regular working tractor when I got out of the service. Then in the 1990s the value took off sky high. I saw JD "G"s in just about any shape start to bring $2500-3500.
This was true for the IH "M" and "H" too. You could buy a good running one for $350-500 for a lot of years. Then their value took off in the late 1980s and early 1990s. Regular old farm ready tractors would bring $1500-2500. Restored ones would bring $2500-4500.
Now we are starting to see the values slide the last 4-5 years. Good common tractors that where restored 20-15 years ago are selling now with good tries and paint and may not break the $1000-1500. This would be the IH "M" and "H". The JD "B" or "A" in in that price range too.
The Ford 8N has dropped in price too. I can remember just 10-15 years ago that they would bring $2500-3000 to the acreage guys. Now they will usually not bring that $1200-1500.
The tractors that have three point hitches and live/Independent PTO still are selling for a fair price but even they are not as hot as they where 10-15 years ago.
I think the cheaper imported compact tractors have taken many of the acreage guys out of the old tractor market. Those guys wanted a tractor to use not work on. So the newer diesel compact tractors fit their wants/needs better than an older worn farm tractor.
So what is my point??? I think we will continue to see the values of the common tractors fall. I am not sure where the bottom will be but it very well could be scrap iron value. The issues with the newer gas in the tractors is also making guys switch to diesels. So some models of even "newer" gas tractors are taking a hit in value.
A mid production JD 3010/20 or 4010/20 GAS is not bring much now either. The very early none and the very late ones are still selling well but the middle one are not very valuable right now. They still have a good salvage yard value just because many of the parts will fit the diesels.
I think there are several things driving this trend:
1) The average "Joe" just does not have the free income to buy what he did in years past. The income "gap" is showing up at the blue collar level.
2) The collector class is getting younger and they want the tractors they drove/coveted when they where kids.
3) This is making the tractors that are common, not rare, not have much of a market. (I will put my sons in this market. They do not want anything to do with an old JD 2 cylinder. They are wanting the newer 10-20 series tractors or real old like a waterloo boy or Rumley Oil pull)
4) More guys are not wanting tractors that do not have some usable features. Like: a three point hitch, Live/Ind. PTO, Power steering, etc.
5) I think that the "fad" of collecting/running old tractors has moved on to something else. This happened to the antique cars 20 year ago. This means the "HIT" markets of 10-15 years ago may not be back for many years if ever.
These are just my thoughts/opinions on this subject. So it is worth what you "paid" for it. LMAO
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