The Assn. of Equipment Manufacturers reported on November 10 that North American retail sales of farm tractors fell by 22.6% in October, with U.S. sales declining 22.8% and Canadian sales dropping 20.7%.
RW Baird analyst Robert McCarthy considers the newest sales figures as modest improvement compared with April. “Given challenging fundamentals, ag equipment demand appears likely to remain weak into 2010,” McCarthy says in a note to investors.
This is subscription content for VIP Members. A VIP membership gives you all things Ag Equipment Intelligence all the time! Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
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.
