Auction pricing trends for used equipment continued to face pressure in July given tough comps due to an overall tight equipment market last year related to supply chain challenges, according to Stifel’s September Used Equipment Update. However, Brian Brophy, associate vice president of Stifel, notes asking prices for used equipment are more mixed as some categories continue to see pricing growth and others have started to follow auction pricing declines.
According to Mark Stock, co-founder…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
