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Technology for Profit: How Technology Affects Your Parts-to-Labor Ratio

By George Russell posted on August 26, 2014 | Posted in Product Innovations & Introductions
Do you use parts-to-labor ratio as a key benchmark in your operation? This important rule of thumb maintains that for every dollar of labor sales, your dealership should generate one dollar of parts sales. Both parts and service should be your dealership's most profitable departments and this ratio helps drive profits in both areas.
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Ahead of the Curve: Is 3-D Printing Coming to a Dealership Near You?

By Dan Crummett posted on August 26, 2014 | Posted in Product Innovations & Introductions
Could 3-D printing revolutionize the parts and service department in the dealership of tomorrow? Robert Saik, author of The Agriculture Manifesto and founder and CEO of The Agri-Trend Group, thinks 3-D printing is one of the drivers that will shape agriculture in the next decade. Saik writes, I think this is going to revolutionize the parts and the equipment industry going forward and it's going to drastically change how we handle our inventories and the delivery of repair parts to farmers.
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Ag Equipment Intelligence

Dealers Less Willing to Accept High-Horsepower Trade-ins

August 26, 2014 | Posted in Product Innovations & Introductions
With used equipment building up on many farm equipment dealers’ lots over the last several months, dealers are now less willing to accept trade-ins on high-horsepower equipment. According to the 34th UBS Agricultural Dealer survey, more than half (56%) of all dealers surveyed are "less willing" to accept used high- horsepower equipment trade-ins
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