Cervus Equipment reported its first quarter revenues increased $71.5 million, or 43% compared to the same quarter last year. However, on a same-store basis, revenues were down $11 million or 7% vs. the first quarter of 2014.
The Assn. of Equipment Manufacturers reported yesterday that sales of mid-range (40-100 horsepower) and compact tractors (under 40 horsepower) continue to offer dealers some relief from the persistent decline of high horsepower equipment.
J.D. Power Asia Pacific released two inaugural studies, the 2015 India Tractor Product Performance Index (PPI) Study and the 2015 India Tractor Customer Service Index (CSI) Study.
With the exception of Russia and New Zealand, worldwide sales of high horsepower farm tractors were on a downward trajectory as 2014 inches toward its close.
Figures released by the Assn. of Equipment Manufacturers on July 10 showed that, while large ag equipment sales declined again in June, inventory of these products on dealers’ lots continued to increase.
Tomorrow the Assn. of Equipment Manufacturers will release June farm equipment sales figures, and if the current trends hold, they should be hefty as North American sales of large ag equipment continued to skyrocket through the first 5 months of 2013.
Yesterday, the Assn. of Equipment Manufacturers reported North American unit sales in October rose for all equipment classes. Row-crop tractor sales increased 34%, combines were up 40%, four-wheel drive tractors sales grew by 33%, small tractors sales rose 25% and utility tractors sales increased by 17%.
Tractor sales of Mahindra & Mahindra's Farm Equipment Sector (FES) declined by nearly 10% to 16,049 units in the domestic market in April 2012 compared with the same period of 2011.
The Farm Equipment Sector of India’s Mahindra & Mahindra sold 26,723 tractors in its domestic market in June, up from 22,493 units in June 2012, a growth rate of 19%.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.