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Working with Your OEM to Move Used Inventory

Scott Hoober, owner, Hoober Inc., has leveraged his OEM relationship to help manage their used equipment. inventory.
By Libby Wawzenek posted on October 10, 2020 | Posted in Used Equipment Remarketing
When it comes to moving used equipment, Scott Hoober believes a collaborative approach is best. The owner of Hoober Inc., a 9-store Case IH dealership based in Intercourse, Pa., knows it’s important to work with the team at his dealership, but he takes it a step further.
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9 Tips for Successfully Selling Used Equipment Overseas

Dealers offer advice on how to get involved in moving used equipment internationally, but warn that it does come with risks.
By Libby Wawzenek posted on October 10, 2020 | Posted in Used Equipment Remarketing
Dealers who are looking for more options for moving their used equipment inventory may want to consider overseas buyers. However, not everyone is sure where to begin with such an endeavor, or what it takes to begin the process.
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What Should Influence Your Used Valuations?

By Ben Thorpe posted on October 9, 2020 | Posted in Used Equipment Remarketing
As part of his recent presentation at the 2020 Virtual Dealership Minds Summit, Trent Hummel, consultant and trainer with the Western Equipment Dealers Assn.’s (WEDA) Dealer Institute, showcased a series of studies conducted with Farm Equipment in which surveyed dealers were asked what influences their valuations of used equipment.
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Optimizing Your Used Combine Business Through Data-Tracking

Trent Hummel breaks down how dealers can use hard data to get a handle on their used markets and make smart decisions with their used combine inventories.
By Ben Thorpe posted on October 9, 2020 | Posted in Used Equipment Remarketing
Interest in used equipment is on the rise, but not particularly in used combines. According to results from Ag Equipment Intelligence’s August 2020 Dealer Sentiments report, a net 6% of dealers reported their used inventory “too low” in July, the first time it’s been “too low” since June 2012.
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Process & Consistency Keep Used Equipment Business Moving

Jim Wood, chief sales and operations officer, explains how Rocky Mountain’s dedication to its processes and documentation have helped control the 36-store dealership’s used equipment inventory.
By Kim Schmidt posted on October 8, 2020 | Posted in Best Practices, Used Equipment Remarketing
Through the second quarter of 2020, Rocky Mountain Equipment (RME), Canada’s largest Case IH dealership group, has reduced its used equipment inventory by C$40 million since the fourth quarter of 2019.
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Keys to Keeping Used Equipment Inventory Clean and Moving

For Burnips Equipment, a necessary realization put them on the path to streamlining used machinery management and cutting inventory levels in half, while more than tripling turn rates.
By Jack Zemlicka posted on October 8, 2020 | Posted in Used Equipment Remarketing
Subtlety can be overrated when it comes to managing used farm equipment inventory. Sometimes, bluntness is necessary to force dealerships into a defining decision that cuts used equipment levels in half and increases annual equipment turns by 1.5 in less than 3 years.
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Used Equipment Remarketing Roadmaps

[Podcast] Sitting Down with Mark Stock of BigIron Auctions

In this week’s episode we take a break from our regular content to visit with one of 2020 Virtual Dealership Minds Summit Sponsors, Big Iron.
October 1, 2020 | Posted in Used Equipment Remarketing
In this week’s episode we take a break from our regular content to visit with one of 2020 Virtual Dealership Minds Summit Sponsors, Big Iron. Julia Gerlach caught up with Mark Stock, cofounder of the auction company. During their conversation, Mark shares some background on Big Iron and how they’ve seen the auction market change.
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Yetter Farm Equipment

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.
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Finance Scope

Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.
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