Equipment Market Update: February 2026 Trends Across Categories

This report covers February 2026 used equipment market data across six key categories, tracking inventory volume, aged inventory, and turn rate trends. All metrics and data used in this report are sourced from Tractor Zoom Pro's equipment database, built on over $75B in real auction and dealer sales data.

Row Crop Tractors (300–424 HP)

Row crop tractor inventory was essentially flat month over month in February, while dropping down 14% year over year. The turn rate dropped to 1.4, and aged inventory units ticked up roughly 2.0% MoM. Auction values for low-hour, high-horsepower units remain resilient, but slowing turns suggest only competitively priced units are moving consistently. Updating stale listings before spring can take advantage of current demand.

• Inventory Volume: -0.47% MoM / -14% YoY 
• Turn Rate: -6.6% MoM / -3.4% YoY 
• Aged Inventory: +1.9% MoM / +22% YoY

4WD Tractors (425+ HP)

The 4WD category remains a challenging tractor segment. Inventory ticked up slightly MoM, likely reflecting seasonal trade-in activity, though it's still down 6.7% YoY. The turn rate fell -13% MoM, and aged units are up nearly 52% year over year. This is the highest aged ratio of any tractor category. Dealers with aging 4WD units should consider aggressive pricing strategies or channel shifts to prevent further depreciation.

• Inventory Volume: +1.1% MoM / -6.7% YoY 
• Turn Rate: -13% MoM / -0.9% YoY 
• Aged Inventory: +4.7% MoM / +52% YoY

Utility Tractors (100–174 HP)

Utility tractors remain the strongest tractor segment. Inventory volume edged up but is still down around 24% YoY, the largest year-over-year inventory decline in this report. The turn rate slowed to around 1.8 but remains 10% higher than last year’s levels, the only tractor category with positive YoY velocity. Aged inventory held flat MoM. Diversified demand from livestock, hay, and hobby farm customers insulates this segment from commodity pressures, and the February cooldown likely reflects seasonal patterns rather than structural weakness.

• Inventory Volume: +2.1% MoM / -24% YoY 
• Turn Rate: -11% MoM / +10% YoY 
• Aged Inventory: -0.3% MoM / +2.0% YoY

Combines (Class 7 & 8)

The turn rate dropped below 1.0 for the first time in recent months, though it remains slightly above last February, suggesting a seasonal reset after stronger late-2025 activity. Inventory rose modestly, and aged inventory held flat MoM, although it is up 18% from a year ago. The USDA's steady crop price projections provide a neutral backdrop that is stable enough to support replacement demand but not strong enough to drive aggressive buying. Dealers should consider positioning desirable, late-model units ahead of a more active spring market.

• Inventory Volume: +1.9% MoM / -8.7% YoY 
• Turn Rate: -24% MoM / +4.7% YoY 
• Aged Inventory: -0.36% MoM / +18% YoY

Self-Propelled Sprayers

Sprayers were a standout performer in February, with inventory volume dropping 8.2% MoM and turn rate climbing to 1.6, a nearly 10% MoM increase, making this the only category where inventory is contracting and velocity is accelerating simultaneously. Aged inventory declined 2.3% MoM, though it's still up around 31% YoY. Precision application technology and input cost management continue to justify purchases even in tight margins. Dealers might continue leaning into the value proposition of newer technology while demand is strong.

• Inventory Volume: -8.2% MoM / -22% YoY 
• Turn Rate: +9.4% MoM / +19% YoY 
• Aged Inventory: -2.3% MoM / +31% YoY

Cotton Pickers & Strippers

This niche segment shows dramatic supply tightening, with the smallest pool and sharpest YoY inventory decline of any category. Inventory fell 9.0% MoM and around 40% YoY, while turn rate dropped to 1.4, although it remains up 16.6% YoY. The monthly decline is likely seasonal as cotton harvest is complete. Although the number of aged units in active inventory decreased measurable YoY, it has the highest proportion of any category in terms of percentage of total inventory. 

The USDA's February WASDE lowered cotton exports by 200,000 bales and reduced the upland farm price, signaling softer demand that may limit near-term replacement activity. But with supply expected to tighten longer term, well-positioned units could see competitive interest when buyers return.

• Inventory Volume: -9.01% MoM / -34.97% YoY 
• Turn Rate: -22.3% MoM / +16.6% YoY 
• Aged Inventory: -10.09% MoM / -14.04% YoY

Key Takeaways for Dealers in the Final Week of March

Velocity is the story rather than supply. Inventory is contracting across nearly every category, but turn rates dropped in five of six segments, with sprayers being the lone exception. Tight supply creates pricing leverage, but only if units are moving.

Aged inventory is approaching a tipping point in several categories. 4WD tractors at nearly 40%, sprayers at 39%, and cotton pickers at 46% of total inventory that is in the “aged” category. These are segments where stale inventory is tying up capital. Proactive pricing adjustments should be a priority heading into Q2.

Sprayers are the bright spot. With a turn rate up nearly 20% YoY and inventory down over 21%, this is the one category where supply-demand dynamics are clearly working in dealers' favor.

Watch for the spring signal. The next 4-6 weeks will be critical. If turn rates recover with seasonal buying activity, this market is on a slow path to stabilization. If they don't, dealers may need to reassess strategies more aggressively.

Commodity markets are stable but not stimulative. As of March at $4.10, soybeans over $10.20, and Brazil's record soybean crop mean equipment purchases will be needs-based and ROI-driven. Position your inventory accordingly.

Definitions & Data Sources

All equipment data and market trends presented in this report are sourced from Tractor Zoom Pro’s dealer and auction marketplace database, which tracks equipment listings, transactions, and inventory activity across the US..

• Inventory Volume: The total number of equipment units actively listed for sale across the tracked dealer network at the time of reporting.
• Aged Inventory %: The percentage of active inventory that has been listed for 360 days or longer, indicating the share of inventory experiencing extended selling timelines.
• Turn Rate: A measure of how quickly inventory is selling, calculated using a three-month rolling average of UNIT retail sales volume relative to available inventory, not machinery sale price and cost as the financial turns metric is calculated, although both will trend togetherHigher turn rates indicate faster inventory movement and stronger market absorption.

Make the Market Work for You

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