Items Tagged with 'trent hummel'

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Dealer Institute WEDA
Webinar Replay

2020 Wholegoods Wrap Up [Webinar]

As this unprecedented year comes to a close, some dealerships experienced strong sales with lower horsepower units including outdoor power equipment. With a shortage of new ag production inventory, many took the opportunity to reduce their used equipment. In this webinar, Dealer Institute Instructor, Trent Hummel discusses important 2020 wholegoods stats. [To view any of our webinar replays, you must be logged in with a free user account.]
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What Should Influence Your Used Valuations?

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.
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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Be a Leader, Not a Boss: Top Tips for Motivating Employees to Boost Sales

Trent Hummel, a trainer at the Western Equipment Dealers Assn. Dealer Institute, forgoes teaching sales strategies to instead drive staff-wide motivation and engagement to boost sales and improve the quality of work within businesses.
Trent Hummel brings over 25 years of dealership management experience to the Dealer Institute at the Western Equipment Dealers Assn. (WEDA).
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Used Equipment Remarketing Roadmaps

[Podcast] Is an End to Equipment Leasing Coming?

Casey Seymour of 21<sup>st</sup> Century Equipment and Moving Iron LLC speaks with Trent Hummel who was turning used equipment double digits at a Case IH and New Holland dealerships before selling to Rocky Mountain.
Casey Seymour of 21st Century Equipment and Moving Iron LLC speaks with Trent Hummel who was turning used equipment double digits at a Case IH and New Holland dealerships before selling to Rocky Mountain.
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Dealership Minds Summit 2017

[Video] Dealer-to-Dealer Panel: Compensation That Emphasizes — and Moves — Used Equipment

Dealers lament about the struggles of keeping salespeople focused on moving used equipment rather than just the shiny new units. A sure way to light a fire under your sales team is with compensation plans designed specifically to move used equipment — where the biggest impact exists. From withholding commission until a trade is sold to attaching bonuses to the used units, compensation plans tied to used equipment vary greatly — all with their own pros and cons.
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[Podcast] Comp Programs to Move Used Equipment: Dealers ‘Trade’ Best Practices

In this podcast recording from <em>Farm Equipment</em>, 3 farm equipment dealers share their expertise for the levers that work best to get the behaviors that dealers want and need relative to used equipment inventories.
In this podcast recording from Farm Equipment, 3 farm equipment dealers share their expertise for the levers that work best to get the behaviors that dealers want and need relative to used equipment inventories.
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Sponsored Content: Successful Equipment Remarketing Strategies

What Determines Used Equipment Values?

Dealers should be consulting multiple sources and data fields in order to accurately assign values to used equipment.
It’s no secret that there’s too much used equipment on North American farm equipment dealers’ lots these days. While dealers are making strides in reducing their equipment inventory build up, correctly valuing used equipment is key to properly managing inventories now and in the future.
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