North American large ag equipment retail sales continued to decline in August, with 4WD tractor sales down 36.8% year-over-year, combine sales down 24.3% and row-crop tractors down 9.3%, according to the latest numbers released by the Assn. Equipment Manufacturers.
Meanwhile, Mircea (Mig) Dobre, analyst with RW Baird said in a note to investors that mid-range tractors continue to show relative strength, increasing 8.7% year-over-year vs. up 7.2% last month. Day-sales inventory rose year-over-year across all…
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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.
