Pete's Point of View
I'm really excited about our new factsreport.com web site! Know you're going to love the finished product. Moving our service on-line will allow us to update our information for you daily. No more waiting four months to get your next F.A.C.T's Report book or update disk in the mail...just go on-line to factsreport.com and see what's new. The Locator database will be especially fun...a searchable listing of individual pieces of equipment available on upcoming auctions over a huge area. Just today a farmer called me looking for a JD 4440 tractor. I found 17 in our Locator database! Each listing included auction date, location, type of auction (farm, dealer, consignment), specs, auctioneer name & phone # and the owner's phone #. This is the kind of data we are going to put right in front of you and update daily! If you are selling equipment, you'll be able to add your stuff to the Locator database thereby exposing it to a vast audience of potential buyers. This really is going to fun!
* The current used equipment market is very interesting.
Most folks have been under the impression that machinery should be selling
"soft" at auctions. Not according to the F.A.C.T's we're collecting. In
fact, I would say auctions in general have been very "strong" from November
1, 1999 through late January 2000. There just haven't been many bargains
out there lately. I believe a big reason for this has been the relative
lack of auctions the past three months. Many areas simply haven't had any
sales to speak of. Without much competition, the auctions that have been
held have attracted active buyers. However, as we move into February and
March 2000 more auctions will be bunching together, including some large
dealer inventory-reduction sales. The guess here is that we'll begin to
see more of a buyer's market, especially in areas where yields were poor
the past year or two (west-central Illinois, southern Illinois, southern
Indiana, Kentucky). Things will be chaning fast in the next 6-8 weeks...stay
on top of things with a subscription to the F.A.C.T's Report on-line!