Tractor buying-selling

Just wait and see how fast tractor value go down since the election. You will be able to buy them cheaper and not sell them for much as well.Hostess going out of bussiness , no more twinkies, or wonder bread,wal-mart trying to strike, man in vegas let over 20 people go.But hey everyone is do better, yell right. Hold on to your paints.Fact or fiction.?

Ok,I'll bite. How does that effect the value of tractors? Sales of new ones continue to rise,so if a framer wants a collector tractor and can afford a new one,why wouldn't he be able to afford an old one?

NO JOBS NO MONEY, CANT PAY BILLS,SELL ALL JUST TO GET BY.And that effects ALL.Sooner or later.

let me state first that i voted straight nnalert party; now, tractor depreciation will not be the direct result of this past election. it is the changing nature of our society, for the first time in my 65 years as a hard working, family providing white male i am now considered a minority and worse yet viewed as less of a person and more of a threat to society than those living off of entitlement programs. society has forgotten: this country, great as it still is, was basicaly built by the white man. how it utilizied the means to do so may be questioned but it may not have been achieved by other means. for years we sat in our easy chairs watching tim allen, raymond and others portray us as bungling, stupid idiots being mealy mouthed by strong willed women while homos and other deviant life styles were portrayed as normal and desirable. i no longer watch history channel, tlc and networks that show made up scripted junk shows that appeal to those that enjoy the demeaning of manhood. actually; my tv viewing is typically limited to a few minutes of the select news, weather and preferred movies. good music and reading are now preferred. did i mention tractors at the top of this post?

(quoted from post at 07:59:00 11/17/12) NO JOBS NO MONEY, CANT PAY BILLS,SELL ALL JUST TO GET BY.And that effects ALL.Sooner or later.

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In my area we have already seen a big drop in older used tractor prices except for the utility types like to Massey TO's and Ford Ns.

Lot of guys have been selling off the old collection. Some due to health and others because of the econemy.

Rick

Chalk up the values dropping to this: The younger generation doesn't give a rat's behind about anything that is not electronic. They have no appreciation for older vintage stuff that can never be reproduced. Anything of vintage value will not be of value very much longer.

People just don't want to get their hands dirty any more. Had this discussion at the auto parts store yesterday. Few people even change their own oil these days.
Same thing at the store that sells work shoes/boots. Only one shoe store in a county of 125,000 repairs/resoles work shoes/boots.

At that point I don't think old tractor value will be our biggest problem.

Fuel is getting expensive, things that use fuel will get cheaper because it costs to much to play with them. The current government wants to implement a middle class just like the great middle classes of the big socialist empires like say Cuba, or Poland, the Former USSR or the prime example of Eastern Germany (remember them?) We'll all live in 800-900 square foot apartments often with out heat or cooling, we'll put our name on a waiting list to by a POS sub compact car, but after waiting 8 years to get it we'll be thrilled to have it.

Look at the differences between Eastern and Western Germany after 45-50 years, one was an industrial powerhouse, one of the 7 largest economies in the world, the other a backwards economy making goods that were of the same or worse quality than they were making 50 years earlier.

Look at the differences in the economies of North Korea and South Korea.

Heck look at the differences between the North side of the Rio Grande and the South Side.

Few people even change their own oil these days.

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Why should they? For many cars its cheaper and faster to have it done,
plus you don't have to bother with proper disposal/recycling.
Obviously that doesn't work for my tractors.
I change the oil in my truck too because its still cheaper for me to do synthetic at home.
But for the average commuter?

(quoted from post at 13:36:48 11/17/12) At that point I don't think old tractor value will be our biggest problem.

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Exactly!
RRLund the anti-Chicken Little! Thank you!
Prices have been going down, but they've been doing that for over a decade.
I sold a Case 930 (gas) this year for what I once paid for a Farmall Cub.
If they keep going down I may be forced to buy another one! :lol:

The last few farm sales i've been to there getting higher.

Look at the brite side,they're still dependable tractors to use after you restore them.

I"ve been buying and selling old tractors for bout the last 4 years. When I started a Farmall 140 was bringing 4000plus around here and Fords were running 4-500. Now the 140"s are selling for 800-1000 average and the Fords are selling in the 12-1500 range, some higher. A refurbished 8N runs 2500 or so. But most of the ones that I sell are to people who are going to use them, not show them. They"re not too worried about how it looks, they just want everything to work.

hostess went out of business because the employees wouldn't take a wage and benefit cut to help keep the company going. Guess we know how that worked out for them. Tractor prices depend on what your selling. Take a look at Polks results. No slump there. A JD GPWT planter brings $70,000!!!
Polk results

and some people have more dollars than cents,but every bucket has a bottom just remember that?

Hi
I Said this in another discussion . the problems I see are. Most of the old guys that I used to ask about this stuff and buy it are pushing daisy's.
The younger guys are not interested or don't have the money/time Trying to keep the roof over there familys heads.
The acreage guys are staying in town because it's cheaper on fuel to go to work and there is little return on small scale farming these days.
Finally the price of parts is so crazy a set of cheap tires is worth more than most tractors when there done and the rest of the parts and machine shop stuff is added again. I used to sell diesel majors all done for $5000 last year that was $3000 and this year i stopped doing tractors, Because Im not busting my a$$ and bank balance paying guys to take them and giving parts suppliers nice holidays houses and trucks.
Regards Robert