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| Large farm auction this Thursday in North Platte, NE with ton of late model equipment, including (4) 2011 JD 9770 STS combines. Here's little auction preview Youtbe video I just posted:
http://www.youtube.com/watch?v=vpa48ElXY_U
Some FACTS on JD 9770 STS Combine Values:
Ave. Auction Price last year: $163,430
Ave. Auction Price 2 years ago: $179,724
Ave. Auction Price 3 years ago: $188,379
Ave. Auction Price 4 years ago: $199,200
Ave. Auction Price 5 years ago: $217,000
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Ave. Dealer Advertised Price last year: $228,495
Ave. Dealer Advertised Price 2 years ago: $231,880
Ave. Dealer Advertised Price 3 years ago: $236,225
Ave. Dealer Advertised Price 4 years ago: $235,179
Obviously quite a different story with late-model used Combines values compared to used Tractor values here lately. Despite the huge falloff in the No. of machinery auctions (50-60% down vs. 5-10 yrs ago), the No. of JD 9770 STS Combines I saw sold at auction last year in 2012 was UP 50% vs. 2011. Lot of machines needing homes.
...should be quite an interesting sale Thursday.
Pete
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