Reasale value: Website Operations Howto  -- Tractorpoint Site Discussion Forum and Review Reasale value: Website Operations Howto -- Tractorpoint Site Discussion Forum

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 01-10-2004, 10:01 Post: 73622
DK35vince



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 Reasale value

I belong to several tractor sites and one thing I see constantly come up is resale value.
Is there a site where the average person can see what the average resale prices for differant makes and models currently are ?






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 01-10-2004, 10:38 Post: 73630
Billy

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 Reasale value

Here's a pretty good site






Link:   click me 

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 01-10-2004, 11:13 Post: 73631
DK35vince



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 Reasale value

Thanks Billy,
I was aware of that site.
Are these current resale prices ?
I always see claims that brand X has a better resale value than brand Y and I would like a way to find out if it is fact or babble.

The reason I ask if these are current prices is Machinery link lists prices that seem very high to me !
Example
Kioti DK 35
Premium condition- $14,310
Good condition-$13,760
Fair condition-$13,120
Problem is all these figures are higher than I paid for the tractor brand new 2 years ago.






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 01-10-2004, 12:38 Post: 73633
Billy

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I've noticed that too Vince. Maybe they're starting with MSRP and depreciating it from there?






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 01-10-2004, 12:54 Post: 73635
kwschumm



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 Reasale value

It might be useful if we could have some sort of a "Price Paid" database on TractorPoint. People would enter info on their purchases (brand, model, year, hours, implements, price paid, date purchased, etc.) and a search function could be implemented to pull up prices on equipment. This would be a great feature.

Easy for me to say, since Dennis has to do the work Smile






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 01-10-2004, 12:56 Post: 73636
DK35vince



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 Reasale value

Are there other sites I can use for resale info ?
Where do dealers find what a tractor is worth ?
Are these dealer only sites or information ?
I quess my question is when someone claims their tractor has a higher resale value, how do they know this as fact ?
Where did they find their #'s.
The reason I ask is I see the resale issue used so often, especially for non- big 3 tractors,on all tractor sites not just this one, I wonder were they get this information ?






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 01-10-2004, 13:12 Post: 73638
kwschumm



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 Reasale value

I would imagine there exists somewhere a "kelly blue book" for tractor prices. How else would dealers figure trade in allowances? Or, maybe they just pull the prices out of an orifice somewhere..






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 01-10-2004, 13:52 Post: 73644
Art White



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 Reasale value

Most all the info that these companies use comes from dealers. Do I trust them, no. I find that I don't spend the time to fill them in beacuse I prefer to be here with you, The numbers don't have to be documented in any way as being accurate. The true measure a dealer looks at and is fair market are auctions. Not a small one that might not have been advertised in the right places to attract bonafide buyers but one that many units there. The manufacturers actually like for the dealers to respond to the market sheets regularly and they do keep track of the percentages of the mainline dealers sending them in to help boost there resale prices. Truth be known the lowest priced dealer on the block starts the resale price policy. There are also pockets of strong dealers of one make or the other and those areas have strong or higher prices for there products then the others. This is the same as in the auto industry.






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 01-10-2004, 16:15 Post: 73654
grinder

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 Reasale value

I have seen auction company sites that have posted some prices that equipment has brought at recent auctions.
I don't have a web page, but I have seen them. (maybe
try equipment trader online ? They have listings from all over, and you could average them out to get in the ball park.
I think it is like alot of things it's what the "market
will bear".
I used our local Swap or Sell guide to watch prices on used
and new.
good luck
Post one if you find something.






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 01-11-2004, 08:06 Post: 73699
TomG

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In Economics, 'market valve' doesn't have much meaning except when money actually changes hands. It takes a very large number of almost identical transactions for average prices over N.A. to bear much relationship to an individual in a particular place who is looking to buy or sell a used tractor. I don't think there are near enough sales of particular models a year for averages to have a lot of meaning--especially since most of us tend to treat our tractors like Vikings and their long ships. Besides, I think that owners as we know them around here would make more for unique than similar transactions. I'm happy Art chooses to spend his time here.






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Discussion Boards > Active Subjects > Messages as Posted > Website Operations Howto Forum

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