Used equipment inventories continue to put pressure on dealers’ bottom line. The latest Dealer Sentiments Report shows a net 11% of dealers says their used equipment inventory is too high compared to a net 7% the month prior.
In this podcast, we discuss the improvements farm equipment dealers are seeing in used equipment inventories as well as used equipment pricing, Titan's growth in Germany, Little Equipment Ventures acquisition of Stable'N, and CNH Industrial and AGCO's first quarter earnings.
Last week I had the chance to speak to a bunch of investment managers at a meeting organized by an investment bank. Most times their questions are fairly predictable, but sometimes they aren’t. Some of these managers are very “detail oriented,” which they should be, and they ask for hard numbers.
In this podcast, we discuss what sort of impact China opening its doors to U.S. beef will have on dealers and manufacturers, the digital ag evolution, an update on dealers’ used equipment inventories, and the latest earnings reports for Titan Machinery, John Deere and Raven Industries.
According to the results of Ag Equipment Intelligence’s Dealer Sentiments & Business Conditions survey, the last time North American dealers reported that their inventories of used equipment were “too low” was in May 2012. Since then, dealers have consistently reported that the backlogs of used wholegoods on their lots are “too high.”
First the good news on North American used farm equipment inventories: Only 21% of dealers responding to Ag Equipment Intelligence’s most recent Dealer Sentiment & Business Conditions Update survey are reporting their used combine levels as “too high.”
Last Friday, the Assn. of Equipment Manufacturers reported that the U.S. and Canada sales of new large tractors and combines fell by 19% year-over-year, which was a step up from a 29% decline in the previous month.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at CNH Industrial’s goals for growing its precision business by 2030.
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.
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