new prices on 4320's and 1066's

SHALER

Member
Guy down the road has a 4320. Guy further down the road has an IH1066. Good natured banter at the coffee shop gets around to who has the better tractor. I don?t want to open that debate here, however, I did some Tractordata sleuthing and was very surprised to find out according to that data the 4320?s sold new for around $12K and the 1066?s sold new for $20K. Old timers out there, is this correct? My question to you is: how did guys justify paying about 2/3?s more for a 1066 than a 4320 off the showroom floor? These are somewhat comparable machines as far as I can tell. Were farmers at the time so dedicated to IH red that they would pay a considerable premium for their Internationals, or does the 1066 have advanced features that the 4320 does not have and there is not an ?apples to apples? comparison between the two? I realize this is the JD forum so keep the IH bashing to a minimum and save your fingertips writing things like ?I would take a 4320 over a 1066 any day?! I just find it amazing the selling price difference was so far apart. Reasons?
 
The JD 4430 was the main competitor to the IH 1066. You should compare the prices of 1066 with the 4430. The 4320 and the 1066 probably were not purchased in the same year. The first JD 4320's introduced in 1970 and the last were built in 1971 when the 4430's were made available in late 1971. The IH 1066 was introduced in 1971 about the time the the 4230's were being phased out. Production of 1066's lasted until the 1086 was brought out in about 1976?

Inflation was high in the 1970's due to the war and then the 1974 oil crisis. Nixon's price controls hurt farm income in the very early 1970's. By the mid 1970's farm prices were good, farmers were bidding up land and new iron like crazy.
 
As below, I think a 4320 is produced more in the time frame of say a 1256 IH. Production of the 4320 was the '71 and '72 model years, with the 4430 coming on the scene in '73 to replace the 4320.

As the other reply said, a 1066 would have been marketed against the 4430. Inflation was steep in the 70's- so if you compare list prices, do it for the same year.
 
I was wrong on this... tractor data shows 1066 production starting in '71, same as the intro to 4320. However, the 1066 was advertised about 15-20 hp more than the 4320, so it was a little bigger. Also, tractordata shows the $20k price tag for 1976, four full years of inflationary time since the 4320 was last offered. I doubt you would have gotten a 4430 for much less in '76.
 
The 4320 was introduced in the fall of 1970 for the 1971 season. The 1066 came in the fall of 1971. So the intro years are a year apart but they competed for just one year.
 
There were no 1971 4430's. They did not come out untill 1972 and were considered 1973 models even though there were some in the fields in late 1972. Tom
 

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