Tractors in Dealer Parking Lot for SaleA large amount of equipment hit the ground in the first quarter of 2023. Supply chain corrections mean large numbers of used machines will hit the market in 2024. Everything delayed in 2021 and 2022 was delivered, resulting in a rapid expansion in used inventories, except combines. Inventory levels for combines have historically been more steady.

Combines will always be challenging to balance inventory and price, but other machinery types are also difficult now. Tractor pricing increased from 40% to 60% since 2017. Tractor supply numbers have increased by 1,219 from February to March. Expect to see a price correction sooner rather than later.

Read more on the rapidly rising used machinery inventories here.