Machinery Pete: 100 HP Tractors Holding Value in Used Tractor Market

May 29, 2015

The hottest segment of the used tractor market the past two years? That would be smaller horsepower models.

The mountain of auction sale prices I’ve been compiling for nearly 26 years supports this trend. A recent example came from a nice farm auction in east-central Wisconsin on April 23, 2015.

Sold for $23,000 on April 23, 2015 farm auction in eastern Wisconsin

On this sale was a John Deere 6603 2WD tractor with 803 hours on it (pictured above). It was a “one owner” tractor in very good condition. It sold for $23,000. Pretty strong price for a 2WD model I thought.

To be sure, I hopped into our www.machinerypete.com web site and our 441,200+ auction sale price database. I found a similarly nice 2WD John Deere 6603 tractor sold back on a December 17, 2008 auction in west-central Minnesota. It was a 2005 model with only 385 hours. It sold for $22,500.

So, six and a half years later, the John Deere 6603 sold on the Wisconsin auction, with 418 more hours, for $500 more. Smaller model used tractors are holding their value pretty well I’d say.