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Greg Peterson
Used Equipment: Market Values & Trends

Machinery Pete: How and When to Move Your Excess Used Inventory

By Greg Peterson, Machinery Pete posted on March 1, 2016 | Posted in Data & Forecasts
What I’m hearing: Negative vibes from folks all over, batten down the hatches, don’t feel like buying. What I’m seeing: In January and February 2016 there were very strong auction sale prices on good condition used farm equipment all over and many dealers aggressively cranking down used inventory levels. Stuff is moving.
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Forecast & Trends

Deere Expects Farm Crop Prices, Cash Receipts to Slip Further in 2016

By Dave Kanicki posted on February 22, 2016 | Posted in Data & Forecasts
When Deere & Co. announced its first-quarter 2016 earnings last Friday (Feb. 19), it reported that its worldwide equipment sales declined 15% compared to the same period of 2015. The company also said that it expects fiscal year 2016 sales to be down 10% year-over-year vs. down 7% in its previous forecast. For the U.S. and Canada, the company says it anticipates retail sales to be down 15-20%, with large ag retail sales down by as much as 25-30%.
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Ag Equipment Intelligence

Used Equipment Backlog Improves, But Not New Equipment Inventories

February 8, 2016 | Posted in Data & Forecasts
Source: Ag Equipment Intelligence's Dealer Sentiments & Business Conditions Update, January 2016

According to Ag Equipment Intelligence’s most recent Dealer Sentiments & Business Conditions Update survey, a net 55% of dealers reported new equipment inventories as “too high,” a deterioration from a net 53% in the previous month. Meanwhile, used equipment inventory levels improved with a net 37% of dealers reporting inventory as “too high” vs. 44% the month before.


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