A significant, but unexpected uptick in North American tractor and combine sales in October is creating concerns with dealers about a build-up of used equipment taken in trade. In October, combine, row-crop, 4WD, mid-range and compact tractor unit sales increased 40.5%, 27.9%, 32.7%, 16.8% and 25.1% year-over-year, respectively, and strong sales trends continued into November and December.
On the upsurge in new equipment sales and its impact on trades, one dealer explained, “Even though I…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
