- Location
- Co antrim
Friend told me yesterday that a new daf lorry is down 11k and that hes noticed second hand diggers are back in price. Any1 else heard or noticed this?
Prices coming down?
- Thread starter daveydiesel1
- Start date
- Location
- Co antrim
He bought a 2017 jcb digger couple of years ago, he said he seen a 2019 similar hours jcb for sale and it was 10k less than he paid for his so thats pretty much the same
Chae1
Member
- Location
- Aberdeenshire
I've seen no evidence of this in agriculture. Just better terms/finance on new, used machinery.
- Location
- Co antrim
Mabe its coming, new jd spfh has 4 year warranty and 7 year on the engine. Must be problems gettin them sold as they wouldnt be offering that unless they had to, plus the engine in the smaller jd is pretty rubbish so mabe need to build confidence
This must be the first step though. They are clearly not shifting as much stuff judging by the number of special finance offers popping up on lots of dealer Facebook posts. One of our local JD dealers was desperate to sell us a combine to meet their target a couple of months ago and they managed to do neither. If these finance deals aren't working then next step will be price reductions.
Western promise
Member
Take a look at car prices & especially electric cars some BIG price reductions about ! Supply on most equipment is about caught up after the covid years , so this is one of the problems along with interest rates .
Used car market has dropped 4.2% in October and 4.2% in November. Now people have a sniff stuff could be cheaper next month a level of deflationary thinking will be in the back of consumers minds.
- Location
- Co antrim
Our local massey desler brought in at least 20 new tracyors 2 or 3 months ago (presumably to get a bonus) but as of 2 weeks ago there all pretty much still sitting there
Boohoo
Member
- Location
- Newtownabbey
Nothing is moving at the moment, not even parts and service items for routine winter maintenance. There's a lack of money and a bigger lack of confidence so it'll take price reductions or other incentives to get people spending.
Used push bikes have seen a fall in prices by over 100%. New bikes which had a 6 month waiting list only 2 years ago can now be had with 30% discount. Lots of big players in the bike market going into receivership too. Interesting times and is surely being repeated across the board. Maybe hobby stuff will be worse effected than industial goods but I would expect to see similar patterns. Still effects of Covid shortages playing out....
Covid times, people had surplus money by not having opportunity to go out and spend as much as usual so tried to buy nice stuff to feel better.
Manufacturing was low due to shortages all down the line as people couldn't work in non-essential roles which impacted everything
As soon as possible production was ramped up to meet demand only to be met with a post covid cost of living crisis and people not wanting to spend unnecessarily any more.
Retailers are left holding large amounts of unsold stock and having to heavily discount to move it on to make space for next lot.
Covid times, people had surplus money by not having opportunity to go out and spend as much as usual so tried to buy nice stuff to feel better.
Manufacturing was low due to shortages all down the line as people couldn't work in non-essential roles which impacted everything
As soon as possible production was ramped up to meet demand only to be met with a post covid cost of living crisis and people not wanting to spend unnecessarily any more.
Retailers are left holding large amounts of unsold stock and having to heavily discount to move it on to make space for next lot.
Happy at it
Member
- Location
- NI
Is it the start of the impact of higher interest rates beginning to show. Combined with less for milk, my local contractor has said its impossible to get money in at all this back end, and was very concerned for next year.
Dave6170
Member
- Location
- Watten, caithness
Almost £100k for a 100hp loader tractor. No wonder sales are down
The biggest problem is the arse has fallen out of the trade for decent used ones and the new hasn't dropped yet, just more incentives such as 0% and extended warranties. It means at the moment the cost to change is massive, with depreciation on a potential new one looking fairly awful going by what the 18 month- 3 year old stuff is doing.
Sandy
Member
- Location
- Aberdeenshire
Agree just got quotes on machinery and it’s not coming back if anything up but there still getting orders!
- Location
- Co antrim
Once prices start to come down it will make people keep thier hands in thier pockets waiting to see if it comes down more. Realisticaly a tractor at 100k how much less could it be sold for? Could it be done at 80k and still clear cost of production?
- Location
- Co antrim
Used had to come down as the interest was leaving it unworkable
You only have to look on here people saying how little depreciation there is on a Fendt
fendt will have people looking at all social media things (as will other manufacturers) all the time so what’s their incentive to reduce prices
Please tell me where??, finance only available on 45/50% rrp, far better terms were available 3 years ago.
The new Jd harvestors are getting a poor name around here in the last 2 years , I know a class man who switched to Jd , but after one season he has gone back to class , he says the class is far better and far easier on diesel, there was another issue of the blades coming loose causing major blow ups , I know off two new harvestors who did this here beside us , some fault on the bolt system. Fresh secondhand Jd harvestors are very hard to sell here now . Krone are now selling very well too , it looks like Class and Krone will own the market soon.