Depreciation between the tractor brands on trade or resale

[murphy1244]

I bought my used (2006) L48 TLB just 27 months ago, and comparative used L48TLB sales data today shows a sale value increase of 25%+.
Amazing/crazy!
I bought a 2014 MB E-350 (bought used 01/2020), and it also shows a value per NADA that has risen by 25%+.
Amazing/crazy!

And we are both happy with that

 

[Username Taken]

If I spend $30,000 and sell for $28,200 ~~ Kubota and Deere with 65% - 70% compact tractor market share.

For Kubota and Deere having a comprehensive offering of "matched" implements and attachments increases revenue stream per tractor sold for years. Not forfeiting the established customer who now wants a 100-horsepower tractor is another advantage.



If I spend $20,000 and sell for $18,800 ~~ LS, Kioti and Branson with 10% compact tractor market.

LS, Kioti and Branson are handicapped by only having compact tractors in the USA product line. It takes a talented capitalist to keep the doors open at a regional brand during tough times in the compact tractor market, which can dry up during recessions like 2008-2009.

It isn't so much that Deere is so good, it's more like their competition is so bad.

Ford was schizo in the tractor market. They ruled the market for decades and still hold the record for most tractors sold of any one type. International has always had a habit of shooting itself in the foot. Always. Massey just couldn't get its act together.... I'm talking about back in the 50s, 60's and 70s.

So Deere just took over the market the others were, frankly, too stupid to hang on to.

Plus, Deere has a loyal following because during the depression, they would go around to rural areas and help farmers out. Good on them. People don't forget things like that.

But today, they're not the Deere of old. They're a financial conglomerate more than than they're a Ag/tractor company. But I'll say this; They're sharp. Real sharp operators.

And ruthless.

The plethora of Foreign brands should tell you that there's a market that doesn't include them. That they're leaving money on the table.

I bought the Kioti because it was twice the tractor at about the same price . Also because...... It was available.

Resale? Who cares? Seriously. If someone is that concerned about resale, just lease the darn thing.

Or better yet, buy the right tractor the first time. Buy your second tractor first.

 

[fried1765]

It isn't so much that Deere is so good, it's more like their competition is so bad.

Ford was schizo in the tractor market. They ruled the market for decades and still hold the record for most tractors sold of any one type. International has always had a habit of shooting itself in the foot. Always. Massey just couldn't get its act together.... I'm talking about back in the 50s, 60's and 70s.

So Deere just took over the market the others were, frankly, too stupid to hang on to.

Plus, Deere has a loyal following because during the depression, they would go around to rural areas and help farmers out. Good on them. People don't forget things like that.

But today, they're not the Deere of old. They're a financial conglomerate more than than they're a Ag/tractor company. But I'll say this; They're sharp. Real sharp operators.

And ruthless.

The plethora of Foreign brands should tell you that there's a market that doesn't include them. That they're leaving money on the table.

I bought the Kioti because it was twice the tractor at about the same price . Also because...... It was available.

Resale? Who cares? Seriously. If someone is that concerned about resale, just lease the darn thing.

Or better yet, buy the right tractor the first time. Buy your second tractor first.

I very seriously doubt that there are many lease options available in today's market!

 

[Username Taken]

I very seriously doubt that there are many lease options available in today's market!

Not a lot of any kind of options. I lucked into finding mine. Overpaid for it, I am sure but..... I have it and a lot of people don't have anything right now.

Will it change? Doubtful. Not with the ruling Junta we have now

 

[jeff9366]

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It takes a talented capitalist to keep the doors open at a regional tractor brand with a limited product line during tough times in the compact tractor market, which can dry up during recessions like 2008-2009.

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[rScotty]

"fried1765 said:
I bought my used (2006) L48 TLB just 27 months ago, and comparative used L48TLB sales data today shows a sale value increase of 25%+.
Amazing/crazy!
I bought a 2014 MB E-350 (bought used 01/2020), and it also shows a value per NADA that has risen by 25%+.
Amazing/crazy!"

And we are both happy with that

It's not generally appreciated - but true - that the last few decades have been golden for those with good mechanical and restoration skills. Just how good is something a group of us old mechanics were talking about just this afternoon.
Used machinery is plentiful, classics are easy to identify, and prices are amazingly low.

This works for just about everything mechanical: cars, trucks, motorcycles, machine tools, and of course tractors. Even hauling rates are reasonable.

I think I've made money on most of the new and used cars, trucks, and tractors I've bought and sold in the last 40 years....and been able to give the new owner a good deal as well.

A little education has sure paid off big time in dollars.
rScotty

 

[Williy]

I don't see how you can loose any money on
a tractor as the prices keep going up new & used!

willy

 

[coobie]

I don't see how you can loose any money on
a tractor as the prices keep going up new & used!

willy

Tractors will be cheaper before too long once the market goes south again. Folks who purchased on credit will off them to stay afloat.

 

[scaredychicken]

out here in BC, (and I'm not that informed, but i did a LOT of research prior to buying 3 yrs ago)


Kubota and Deere lead the way

Massey, Kioti, New Holland / Ford, McCormick, gave me pause for consideration. As did Ventrac / Steiner ...

LS and Branson had nothing near me

I wasn't convinced about Cabellas for options, quality, dealership / service, or longevity

i wasn't interested in other brands either as they were neither local, or familiar enough to me

 

[shooterdon]

Deere and Kubota are overpriced and you are paying for the name. Look...most owners put less than 100 hrs a year on our "toys". If you do not abuse a tractor it is going to last a long time...maybe even your lifetime. If I was planning on putting on 400 hrs a year for the next 15 years, I might have gone with Kubota.

I saved $8-10k buying an LS over the name brands. And buying new, I got a good warranty. My tractor may be worth less when I have to sell it to go to the assisted living home, but i also spent a lot less and had that $8-10K working for me for me the next 15-20 years.

LS is the brand to watch IMHO. They are private labeling for New Holland and that means something. My dealer is doing a great business and is keeping his service level up.