The ability to set the right price for used equipment requires a keen understanding of market conditions, equipment condition and pricing strategies employed to account for holding, reconditioning and commission costs.
Moderated by John Schmeiser, CEO, Western Equipment Dealers Assn., the roundtable on lessons learned from the recent tough times received good and candid participation from dealers of many types, colors and sizes throughout North America.
According to AgriBank's Insights newsletter, the current market conditions and resulting long-run forecasts suggest we are in the beginning of a down cycle in economic returns primarily for crop production, the largest segment of agriculture across the 15-state AgriBank District.
While some dealers see some positive in overall market conditions, for most it remains tough sledding, according to the results of the March 2015 "Dealer Sentiments & Business Conditions Update" survey.
Brian Carpenter, President & General Manager of Champlain Valley Equipment (headquartered in Middlebury, Vt.), explains the market conditions for farm equipment in the northeast United States. The dealership carries a wide variety of products from manufacturers, providing different challenges for equipment salesmen.
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.