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Ask the expert: Is the auction market becoming the new retail buying market?

from Farm Equipment

It's not a shock to anyone when I say over the last five years auction activity has greatly increased. At the end of 2014, used equipment inventories where at all-time highs. The auction market became a dumping ground for all kinds of equipment — late model, high hour and everything in between. There was nothing sacred. The use of the auction market is still strong today with dealership liquidations, farm retirement sales, and farm liquidation. With large amounts of equipment selling on the open market, has the buyer become more retail minded at the auction? more


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