July 1, 2010
What’s the hottest used tractor going?
Come on, give me a tough question. This one is too easy. Hands down, the hottest used tractor on the market the past five years has been the John Deere 4455. Auction sale prices on 4455′s have been zooming higher since 2004 and show no signs of slowing down.
Deere made the popular 4455 model from 1989-92. At 141 horsepower the 4455 fit a wide variety of farm work. Analyzing the auction sale price data I’ve been compiling for 21 years, its easy to see that 4455′s have always been equally popular across any section of the U.S. or Canada. North, south, east or west, if a nice 4455 comes available for sale there will be interested buyers chomping at the bit.
Back in the summer of 2009 I wrote one of my “Machinery Pete” columns for Successful Farming magazine on 4455′s. I featured a then record high auction sale price, $69,000 paid for a 1991 model 4455 MFWD tractor with 5,456 hours, sold on a farm auction 3/3/09 in east-central North Dakota.
The record didn’t last long.
On a farm auction October 3, 2009 in south-central South Dakota another 1991 model 4455 MFWD tractor, this one with only 1,423 one-owner hours, sold with a JD 280 loader for a whopping $94,500. Yep, $94,500. Even if we allow $10,000 for the loader, you’re still looking $84,500 paid for an 18-year old tractor.
The description on that 1991 JD 4455 MFWD tractor sold for $94,500 said “always shedded, immaculate“. See for yourself, I’ve posted a pic of the record setting 4455 above.
Any time a nice 4455 comes up for sale at auction, you can feel an extra ounce of excitement in the air. I shot this video at a large consignment auction in Mt. Pleasant, IA on March 20, 2010. The sale was by my friends at Richard Realty & Auction. This 1991 model 4455, even with 6,450 hours, attracted big time interest and fetched a very strong sale price I thought:
How hot are JD 4455 tractors? Back in the calendar year 1999 they sold for an average of $35,774 at auction. Last year? The average auction sale price had jumped 23.7% to $44,259. And remember, that’s just an “average” auction sale price. The nicest 4455′s are going for much more.
Ask me and I’ll tell you true, I don’t think this trend will be changing any time soon. 4455′s are going to remain “hot” tractors on the used market.
About Machinery Pete: Greg “Machinery Pete” Peterson has been working in the agricultural industry for 21 years and details agricultural equipment prices and trends at his website, Machinerypete.com. Greg also writes columns for Successful Farming magazine, Implement & Tractor magazine, Agriculture.com web site and also appears on the Machinery Show on RFD-TV.