The decline in North American large ag equipment retail sales continued in July, with 4WD tractor sales down 20.8% year-over-year and combine sales down 30.1%, according to the latest figures released by the Assn. of Equipment Manufacturers.
Mircea (Mig) Dobre, analyst with RW Baird noted that inventory levels rose year-over-year once again across all equipment categories except combines
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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.
