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, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
