Canadian Used Farm Equipment Market Tightens In April

Sandhills Global’s newest market reports cover April data for used farm equipment on MarketBook.ca and other Sandhills platforms. Tractors 300 horsepower and greater had the largest month-over-month inventory decline at 5.1%, while the greatest year-over-year change was tractors 100 to 174 hp, which were down 20.9%.

With lower inventory levels, auction and asking values rose. Auction values for tractors 300 hp and greater were up 3.2% M/M and 8% Y/Y. Asking prices for the category increased 2.1% M/M and 4.6% Y/Y. Tractors 175 to 299 hp had a 3.2% M/M increase in auction values and a 0.7% increase in asking prices in April.

Watch our video to learn more about the recent trends in inventory levels, auction values, and asking prices in the used farm equipment market in Canada.

Get The Full Market Report

Subscribe today to get Sandhills’ monthly market reports for free. Go to AuctionValues.com to track the latest industrywide auction results for heavy machinery, agricultural equipment, trailers, trucks, livestock, RVs, and more.

Visit the Sandhills News page to read more about the latest market reports covering the farm machinery, construction equipment, transportation, and aviation markets.