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Used equipment prices hold firm despite lower commodity markets

A marketing specialist with Purple Wave Auction says lower commodity prices aren’t holding back the used equipment market.

Travis Templeton tells Brownfield, “Commodity prices may be down, but the used equipment prices are actually stable or going up and holding their value, which is kind of interesting. Kind of weird,” he says.

Despite the sluggish ag economy, he says auctions are still seeing high participation rates.

“Brand new stuff is super expensive.”  He says, “People are wanting those items that are taken care of that have a history of repairs. So, they’re willing to pay, whereas you take it to a dealer and get it traded in. You’re not gonna get very much value for it if they take your trade-in at all. We’re seeing dealers that are just not doing that.”

Templeton says late model and pre-DEF machines are seeing the highest demand at used equipment auctions.

Brownfield spoke with Templeton at the 2025 NAFB Trade Talk event in Kansas City.

AUDIO: Travis Templeton – Purple Wave Auction