Welcome to another instalment of our regular feature that looks at auction sale prices for farm equipment. For each of these articles we pick a couple of popular machines and check the selling prices published online by the large auction firm Ritchie Bros., which holds sales all across the prairie.
This time we look at two of New Holland’s late model four-wheel drive tractors, the T9060 and slightly lower horsepower T9040.
We surveyed auction prices for only those tractors sold on the prairie throughout 2014. And to try and put some perspective on where selling prices for these machines are going, we also checked back at how the same models fared at auction sales in 2013.
The Ritchie Bros. information shows they sold four T9060 tractors in 2014 (table 1) and five in 2013 (table 2), so the sample sizes aren’t large, but we can still get a sense from those sale results what demand is like for these machines. Average selling price for this model declined by roughly $6,000 between 2013 and 2014, only a relatively small percentage.
There were also five T9040 tractors sold last year at an average price of $169,200 (table 3). In 2013, Ritchie Bros only reports selling one machine, a 2010 model with 554 engine hours for $242,500.