Used Equipment Market Nearing Bottom: What Dealers Should Do Now 

Signs the Market Is Leveling Off 

• Auction Prices Holding, Retail Closing the Gap 
  In recent years, auction prices for used equipment fell sharply, dragging down overall expectations and widening the gap between what machines bring at auction vs. what dealers expect at retail. For 2025, however, that spread is narrowing. That’s a clear signal the market is finding its floor. (agnews890.com)  

• Less Used Iron Coming to Market 
  One of 2024’s main problems was oversupply – trade-ins flooded lots, auction yards, and used inventory channels. With fewer new equipment sales this year, fewer trades are rolling in. That smaller supply takes downward pressure off values. (AgWeb) 

• Older Machines Moving Quicker 
  Dealers tell us buyers are showing more interest in clean, well-kept 5–10 year-old machines. Those units are turning faster than a year ago, and availability is thinning. Stronger demand plus reduced supply is another sign the decline is behind us 

What Dealers Should Be Doing Now 

• Watch Auctions Closely 
  Auction results are still the leading indicator. When they hold steady or move higher, retail follows. Track recent sales in your region and for the equipment classes you stock heavily. Use that data for comps and adjust pricing quickly. 

• Cut Aging Iron 
  Equipment sitting too long is dead weight. Carrying costs, depreciation, and floor-plan interest eat margin. Review your inventory age, move units that aren’t drawing buyers, and use incentives or auctions to clear slow movers. Don’t let old iron choke cash flow. 

• Lean Into Clean, Low-Hour Units 
  Late-model, low-hour equipment is moving. These units avoid new price premiums but still deliver reliability, making them attractive to buyers. Keep them priced right, highlight condition, and protect their resale value. 

• Keep an Eye on the Big Picture 
  Macro factors still matter: high interest rates, commodity swings, and new equipment delays all shape demand. These outside drivers will influence how firm the market floor becomes and how quickly demand builds. 

• Use Fresh Data, Not Old Comps 
  Values are shifting too quickly for year-old comparable to be useful. The dealers who win now are grounding decisions in the last 3–6 months of auction sales, trade data, and local market behavior. 

Bottom Line 

The worst of the slide appears to be behind us. Stabilizing auctions, fewer trades coming to market, and stronger demand for older iron all point to a bottoming market. 

For dealers, the move is clear: stay sharp on the data, cut aging equipment, protect the clean late-model units, and price with precision. 

That’s the picture emerging from Farm Journal’s dealer network, Moving Iron’s market insights, and the farmer demand we track every day. 

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