Five years ago, Bobcat entered into the compact tractor market, using an outside vendor to manufacturer the tractors, and branding the tractors under the Bobcat name. The five-year contract with our tractor supplier is ending, and we are not going to renew it. We have made the decision to exit the tractor business and focus on our core products.
Bobcat will continue to serve the acreage owner and personal use market segment with products like utility vehicles, utility work machines and skid-steer loaders. Bobcat is also a market leader in buildings and grounds and landscaping market segments. We will continue to serve those market segments with core products.
We realize this decision has an impact on Bobcat dealers. We are working with each individual dealer to assist with selling remaining inventory and to help with the transition from the line of tractors. We will continue to provide customer support for Bobcat tractors through parts, service and warranty.