Re: Are Tractors Getting Stale??

Posted by Dave Grindle on September 29, 2005 at 09:18:21 from (207.190.64.183):

In Reply to: Are Tractors Getting Stale?? posted by Crooked Furrow In IL on September 29, 2005 at 05:25:55:

Actually , i've noticed just the opposite ! i buy the old farmalls & fix em up - some for my own personal collection as an investment & hobby , and some to fix up & re-sell . been doing this for several years & i've never seen demand / prices so wild......i do however buy & sell nationwide , which eliminates any isolated "pockets" where a "poor" sale might be , but (other than consighnment sales) i've yet to hear of a poor auction anywhere (i'm talking dispersalls with GOOD tractors).....the rough &/or average stuff has never sold all that great anywhere since i've been at it (6 or 7 years)
the other thing i've noticed over the years is that tractors are no different than any other "commodity" - they always cycle "up & down" with the season , economic concerns , etc ......especially from "model to model" more so than "all tractors" (last year W's were "HOT" - this year it's row crops)....... after 9-11 you could'nt pay someone to take home a collector tractor , but a few weeks later everything was stronger than ever & never slowed down .... in the red , the smta's sh's , 350 & 450's have never been this "hot" - the more average W's seem to be getting soft , m's & h's have never been great but are still worth double of 5 years ago - & the "little guys" are always "up & down" .....& just try & find / buy a high crop or orchard -at any price ! ( an average (not very rare) O4 sold on e-bay this summer for $16,000 & a (rare)JD high crop went for $104,000 at a consighnment sale on labor day in ind. !)
the other thing i've REALLY noticed recently is the amount of "new collectors" that have been jumpimg in - most with lotsa $$$ & wanting lotsa (GOOD) tractors ......and they don't buy the "average" stuff
i think what you'r noticeing is seasonal (harvest , hurricanes , high fuel)- & you'r at auctions that are only attracting the "locals , dealers & jockies" ....if they'r going to drag a tractor home & tune it up / service & check it over for resale at $1500 - they can't pay over a $1000 for it .....but get 2 "collectors" at the sale wanting the same $1000 tractor & it'll bring $2500 !

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