Keep pulling the thread on John Deere.
In the summer of 2024, a large number of used Class 8 combines were liquidated through the auction market due to oversupply on dealer lots.
While newer used John Deere 9620RX tractors command a price premium over comparable Case IH Steiger models, this premium diminishes and largely disappears as the machines age.
Some agricultural equipment dealers operate on a zero-margin basis for whole goods sales, earning profit primarily from service and parts.
Dave Mowitz predicts that the used semi-truck market presents a significant buying opportunity that will be short-lived due to a stunningly low production rate of new trucks.
Inventories of used planters dropped 24% year-over-year as of the end of 2025.
Three 2023 model year John Deere 9R590 tractors with hours ranging from 307 to 933 recently sold for prices between $355,000 and $400,000.
Tractors previously used for scraper applications can have a resale value as low as one-third of a comparable standard agricultural tractor due to heavy wear.
The primary competitors to John Deere in the high-horsepower tractor market are Case IH (with its Steiger line), New Holland, and Versatile.
The cost to replace the tracks and bogey wheels on a John Deere 8345RT tractor was $25,000.
The supply of used row crop tractors has dropped by approximately 20% year-over-year.
The markup margin for dealers on new agricultural equipment is typically between 5% and 10%.
As of early 2026, some auction values for high-horsepower tractors are returning to levels seen in 2023.