🚜Auction prices for four nearly new Deere 1025 RS tractors were lower than expected.
💰The tractors sold for $15,000 each, suggesting they were purchased for resale.
📉This indicates a cooling market for compact tractors.
🌐The surge in tractor purchases during COVID-19 has led to an increase in used tractors on the market.
Why were the auction prices for the tractors lower than expected?
—The tractors were likely purchased for resale, resulting in lower prices.
What does this indicate about the compact tractor market?
—The cooling market suggests a decrease in demand for compact tractors.
What impact has the COVID-19 surge in tractor purchases had on the market?
—It has led to an increase in used tractors on the market.
00:00Auction prices for four nearly new Deere 1025 RS tractors were lower than expected, indicating a cooling market for compact tractors.
02:44The tractors sold for $15,000 each, suggesting they were purchased for resale.
08:21The surge in tractor purchases during COVID-19 has led to an increase in used tractors on the market.
