A few weeks ago, I drove out to see Leo Johnson, Johnson Tractor (2012 Farm Equipment Dealership of the Year), to hear how his 4-stores were responding to the used equipment pileup. Meeting in his newly renovated dealership in Janesville, Wis., (and later in his truck), we covered a lot of ground that afternoon.
Leasing has been the hot topic in the ag equipment market in recent months. Some dealers have expressed concerns about the potential impact on used equipment values down the road when equipment comes off lease.
Ongoing sharp inventory correction is masking otherwise solid longer-term industry fundamentals, according to Avondale Partners analyst Igor Maryasis in a Nov. 4, 2015 note announcing the firm’s coverage of Titan Machinery.
U.S. and Canada combined large ag equipment sales continued to decline in October, according to the latest numbers released by the Assn. of Equipment Manufacturers (AEM).
Small-store leaders within Farm Equipment’s Dealership of the Year Alumni Group share the actions they’re relying on to guide them through the choppy waters of reducing equipment backlogs.
A dealer responding to Ag Equipment Intelligence’s November 2015 Dealer Sentiments survey summarized the industry’s current dilemma: “There was a lot of positive activity during the month, but a lot of people passed on making purchases when they saw what their used equipment was valued at. Used pricing is too soft to convert people to make new machine purchases.”
Agritechnica has a reputation as being the international hub for emerging farm equipment and technology. The 2015 show in Hannover, Germany, again offered a diverse glimpse into emerging agricultural machinery trends that could influence the North American market in the near future.
Many managers in dealerships move from working as a part of a team to managing that same team. You may have done this yourself or need to coach someone in that situation who has been promoted.
Many managers in dealerships move from working as a part of a team to managing that same team. You may have done this yourself or need to coach someone in that situation who has been promoted.
Weak commodity prices continue to translate into a slump in farm equipment sales in the U.S. and Canada, and that has ag equipment dealers struggling to find ways to boost revenues and move a backlog of new and used equipment from their lots. Meanwhile, some equipment manufacturers are leaning on their dealer networks to “stock up” and place more orders — purchases the dealers worry cannot be sold profitably.
Small-store leaders within Farm Equipment’s Dealership of the Year Alumni Group share the actions they’re relying on to guide them through the choppy waters of reducing equipment backlogs.
A dealer responding to Ag Equipment Intelligence’s November 2015 Dealer Sentiments survey summarized the industry’s current dilemma: “There was a lot of positive activity during the month, but a lot of people passed on making purchases when they saw what their used equipment was valued at. Used pricing is too soft to convert people to make new machine purchases.”
Agritechnica has a reputation as being the international hub for emerging farm equipment and technology. The 2015 show in Hannover, Germany, again offered a diverse glimpse into emerging agricultural machinery trends that could influence the North American market in the near future.
A few weeks ago, I drove out to see Leo Johnson, Johnson Tractor (2012 Farm Equipment Dealership of the Year), to hear how his 4-stores were responding to the used equipment pileup. Meeting in his newly renovated dealership in Janesville, Wis., (and later in his truck), we covered a lot of ground that afternoon.
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.