Articles tagged under: Greg ‘Machinery Pete’ Peterson
Auctions Flush With Late-Model Farm Equipment
Published January 20, 2025
With consolidation in the farm equipment business, dealers are capitalized differently and have a different relationship with the manufacturer than was seen just a decade ago. ‘Machinery Pete’ Greg Peterson says those dealers have a glut of late-model equipment. "That's why…Equipment Dealers Being ‘Super Aggressive’
Published September 15, 2024
Faced with sizable inventories, farm equipment dealers have been utilizing auction sales. “It really started last year in July with dealers just smashing equipment out to auction,” said Greg ‘Machinery Pete’ Peterson. “The losses they're taking are massive, but they're…