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Adapting to Situations & Moving Forward

July 18, 2014 | Posted in Best Practices, Manufacturer & Dealer Issues
Godfrey Bros. owner Kevin Godfrey takes the changes manufacturers throw his way in stride. Market changes can have a big impact on equipment sales, but Godfrey says you have to adapt and find creative ways to keep business moving forward. The dealership adapts to the changes and keeps the focus on customer service and doing its best to keep its market share up.
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Forecast & Trends

Despite Revenue Gain, Ag Headwinds Pressure Titan Machinery's Bottom Line

June 23, 2014 | Posted in Operations & Finance
Titan Machinery followed through on its April 10 announcement that it would close and/or consolidate 8 of its stores and reduce its overall headcount to improve the performance of its construction equipment operations and counteract the slowdown in ag machinery sales. This allowed the company to report that it increased its overall revenues by 5.4% during the first quarter of fiscal year 2015.
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AGCO Names New Vice Presidents

June 16, 2014 | Posted in Manufacturer News
According to Agri Marketing magazine, AGCO Alistair McLelland has been named vice president, marketing, North America reporting to Bob Crain, senior vice president & general manager, North America.
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Ag Equipment Intelligence

Kuhn Group's Operating Profit Margin Increased 14.9% in 2013

May 12, 2014
Source: Ag Equipment Intelligence, April 2014
Fueled in part by its growing North American sales, the Kuhn Group reported that, while its net sales in 2013 grew by 5% vs. the previous year, its profits rose by nearly 25% and profit margins increased by 2.5%.
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