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As Good as New: Everything You Need to Know about John Deere CPO

High farm incomes in recent years led many United States farmers towards purchasing an abundance of new equipment. As a result, dealers have been left with high inventory levels of used farm equipment because purchases of new large machines often times involve a trade-in of older models.

JD CPO As Good as New: Everything You Need to Know about John Deere CPO

Much like buying a used car, purchasing used agriculture equipment can require an abundance of research and examination prior to the acquisition. John Deere has recognized the increasing number of used machines on dealers’ lots and has put a Certified Pre-Owned Equipment program in place to provide customers with peace of mind and understanding of what they’re getting out of their purchase when they sign on the dotted line. Let’s take a look at the new CPO program at a glance as well as some of the features that make it one-of-a-kind in the used equipment market.

A Behind-the-Scenes Look at RDO Auctions with Brian Messerschmidt

RDO Equipment is one of many John Deere dealerships that serve its customers through the use of auctions. While traditional auctions are still very much a major factor in the buying and selling of new and used equipment, the digital age has helped expand the horizons. Thanks to online auctions, equipment-seekers from all corners of the United States (and beyond) can virtually participate in the auction process. To get a better understanding of both in-person and online equipment auctions, we recently sat down with Brian Messerschmidt, auction/call center sales manager at RDO Equipment.

RDO A Behind the Scenes Look at RDO Auctions with Brian Messerschmidt

Second Highest Auction Price Ever on John Deere 5010 Tractor

Wow, what a beauty.

I’m talking about the restored 1963 John Deere 5010 tractor that sold for $45,000 on a May 24, 2014 collector auction in east-central Iowa. $45,000 is the second highest auction sale price I’ve ever seen on a JD 5010.

JD5010 IA 45K Second Highest Auction Price Ever on John Deere 5010 Tractor

The highest sale price? $79,100 on a 2006 Ebay online auction for the very 1st SN# John Deere 5010. It was in kind of rough shape after having been used by a municipality in Oklahoma for many years. The buyer was well known collector of first SN# John Deere tractors, Walter Keller of Forrest Junction, WI. After extensive restoration work, here’s what that 1st SN# JD 5010 tractor looks like today:

Three JD 4455 Tractors Sold High on Recent Auctions

The John Deere 4455, made from 1989-1992 continues to be one of the “hottest”, most sought after used tractors on the market. Three recent farm auction sale prices prove the point.

JD4455 MN 72K Three JD 4455 Tractors Sold High on Recent Auctions

(This tractor sold for $72,000 on an April 4, 2014 farm auction in south-central Minnesota)

Pictured above is a 1990 JD 4455 with 3,729 hours sold for $72,000 on an April 4, 2014 farm auction in south-central Minnesota. That is the 3rd highest auction sale price I’ve ever seen on a 4455 (sold without loader), and I’ve seen 348 sold over the past 18+ years.

Real-Time Online Equipment Bidding Available with MachineFinderAuctions.com

Visitors to MachineFinder.com, the “largest, oldest and finest worldwide marketplace for used Agriculture, Residential, Construction, Golf & Turf and Forestry equipment,” now have the opportunity to live-bid for used equipment units online, with the introduction of MachineFinderAuctions.com.

MachineFinderAuctions Homepage Real Time Online Equipment Bidding Available with MachineFinderAuctions.com

Used equipment on MachineFinder.com up for auction will include a “currently available on MachineFinder Auctions” button (see image below) to indicate the equipment is listed on MachineFinderAuctions.com, allowing visitors to engage in online bidding.

MFAuctions Button Real Time Online Equipment Bidding Available with MachineFinderAuctions.com

Let’s walk through some of the steps that need to be taken prior to having bidding access as well as some features of the new site.

1972 JD 4020 Tractor Sold for $30,000 on Indiana Auction

How many JD 4020 tractors have I seen sold at auction over the past 18+ years? 1,684.

So it was kind of an eye opener when I run across a 4020 selling for the 4th highest sale price ever. Such was the case on a February 22, 2014 consignment auction in northeast Indiana where the 1972 JD 4020 diesel tractor pictured above sold for $30,000. It was the “originalness” of this tractor that made it pop with bidders. 4,180 actual hours. One owner. Shedded. Folks knew who the owner was, knew the history of care.

JD4020 IN 30K 1972 JD 4020 Tractor Sold for $30,000 on Indiana Auction

JD 8100 Tractors Sell High on Ohio & New Jersey Auctions

Doesn’t seem to matter WHERE they sell, used John Deere tractors in very good condition bring good money.

JD8100 NJ 81K JD 8100 Tractors Sell High on Ohio & New Jersey Auctions

(This 1995 John Deere 8100 tractor with 2,626 hours sold for $81,000 on a Jan. 6, 2014 farm auction in northern New Jersey)

Case in point, the pair of JD 8100 tractors sold on recent farm auctions here in early 2014. First the 1995 JD 8100 with 2,626 hours (pictured above) sold for $81,000 on a farm auction in northern New Jersey on January 6, 2014. Very solid sale price there.

Extra, Extra! 10 of our Most Popular Agriculture News Stories from 2013

2013 was filled with exciting news in the agriculture industry, from technological advancements to worldwide events and happenings.

Since it may be difficult to recall the biggest stories of 2013 pertaining to John Deere and the agriculture industry as a whole, we have put together a list of ten of the most popular agriculture news stories from 2013. Enjoy!

2014 John Deere Product Introductions Aim to Deliver Distinctive Customer Value

2014 John Deere Product Introductions Extra, Extra! 10 of our Most Popular Agriculture News Stories from 2013

John Deere introduced several new products and technologies at the 2014 John Deere Product Introduction in Columbus, Ohio, announcing a focus on “Delivering Distinctive Value” in 2014.

Three Record Auction Prices on JD 4650 Tractors in 2013

Statistically speaking, it’s quite amazing.

Over the past 18 years I’ve seen over 300 John Deere model 4650 tractors sold at auction. Deere made the 4650 model (165 HP) from 1983-1988, so they are now 25-30 years old. So what’s so amazing?

The (3) highest auction sale prices I’ve ever seen on 4650′s have all come this year. So, getting older, but the nice ones are worth more money than ever. Coming into this year the highest auction price I’d seen was $54,500…all the way back on a 3/27/97 auction in northwest Iowa for a then 10-year old 1987 model JD 4650 with only 1,621 hours. That 16 year old record price has been smashed (3) times already this year…the facts:

Pair of 1972 JD 4320 Tractors Set Records

 Pair of 1972 JD 4320 Tractors Set Records

November 2, 2013 was a record-setting day for auction sale prices on tractors, in particular, John Deere 4320 tractors.

The 1972 JD 4320 pictured above (restored, diesel, canopy, 7,000 hours) sold for $31,250 on a farm retirement auction by Hoge Auctioneering in Springville, IA. This sale feature a TON of late-model farm equipment, which all sold on the high side by the way, yet auctioneer Andy Hoge told the one item he fielded the most the calls on leading up to auction day?

Yep, this beautiful 1972 JD 4320.

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